U.S. Stocks May Continue To Lack Direction Ahead Of Fed Announcement

Logo RTTNewsRTTNews
2023-09-19 12:46:39  • 4 mins

After ending the previous session little changed, stocks may continue to show a lack of direction in early trading on Tuesday. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures up by just 5 points.

Traders may continue to stick to the sidelines as they await the Federal Reserve's highly anticipated monetary policy announcement on Wednesday.

While the Fed is widely expected to leave interest rates unchanged, traders will pay close attention to the accompanying statement and the central bank's projections for clues about the outlook for rates.

CME Group's FedWatch Tool is currently indicating a 99.0 percent chance the Fed will leave rates unchanged this week, but the outlook for the November meeting is somewhat more mixed.

The FedWatch Tool is indicating a 69.0 percent chance rates will remain unchanged in November but a 30.7 percent chance of another quarter point rate hike.

"How the Fed delivers the pause is crucial for November and December rate expectations, but whether it's presented with a dovish or hawkish tilt is what matters most for financial markets," said Quincy Krosby, Chief Global Strategist for LPL Financial. "The Fed, and Fed Chair Powell particularly, will emphasize that they remain data dependent."

Continue read on rttnews.com

After ending yesterday's choppy trading session moderately higher, stocks may move back to the downside in early trading on Tuesday. The major index futures...
Logo RTTNewsRTTNews
2023-09-26 12:51:29  • 1 min
Tuesday's trading might be influenced by the latest U.S. economic data, including reports on New Home Sales and Consumer Confidence reports. Early trends on...
Logo RTTNewsRTTNews
2023-09-26 12:14:08  • 1 min
Following the sharp decline seen last week, stocks may see further downside in early trading on Monday. The major index futures are currently pointing to a...
Logo RTTNewsRTTNews
2023-09-25 12:43:04  • 1 min
Investing.com --Stock futures inch down, hinting a possible reversal from a positive session on Monday, as Wall Street's main indices are on pace to post...
Logo Investing.comInvesting.com
2023-09-26 08:57:45  • 1 min
Interest rates remaining higher for longer than expected, weighed on market sentiment across assets and regions. The dollar touched 10-month highs, amidst...
Logo RTTNewsRTTNews
2023-09-26 10:24:13  • 1 min
Equity and fixed income markets were battered following the September FOMC meeting where the committee left rates unchanged but the committee members dot...
Logo NasdaqNasdaq
2023-09-25 15:25:11  • 1 min
European stocks are seen opening mostly lower on Tuesday despite U.S. stocks finishing in positive territory overnight. Risk sentiment remains fragile as...
Logo RTTNewsRTTNews
2023-09-26 05:39:57  • 1 min
Following the sell-off seen last week, stocks showed a lack of direction over the course of the trading session on Monday. The major averages spent the day...
Logo RTTNewsRTTNews
2023-09-25 20:14:01  • 1 min
Stocks may move to the upside in early trading on Wednesday, regaining ground following the modestly lower close on Tuesday. The major index futures are...
Logo RTTNewsRTTNews
2023-09-20 12:53:01  • 1 min
Stocks are seeing modest weakness in morning trading on Monday, adding to the steep losses posted last week. The major averages have all moved to the...
Logo RTTNewsRTTNews
2023-09-25 14:32:33  • 1 min
Early signs from the U.S. Futures Index suggest that Wall Street might open lower. Asian shares finished mostly up, while European shares are trading in...
Logo RTTNewsRTTNews
2023-09-25 12:15:12  • 1 min
( Kitco News ) - Tuesday, September 26-- October Bitcoin futures prices are weaker in early U.S. trading Tuesday. Not much new. Bears have the overall...
Logo Kitco NEWSKitco NEWS
2023-09-26 11:50:36  • 1 min
Indian shares ended little changed on Tuesday despite weak cues from global markets. Global sentiment was fragile, the dollar index hit a 10-month high...
Logo RTTNewsRTTNews
2023-09-26 10:24:32  • 1 min
Following the sell-off seen late in the previous session, stocks are likely to see further downside in early trading on Thursday. The major index futures are...
Logo RTTNewsRTTNews
2023-09-21 12:51:02  • 1 min
Higher for longer is the main takeaway from the FOMC meeting after the committee decided to hold rates. Members also signaled that another rate hike is...
Logo NasdaqNasdaq
2023-09-25 15:14:54  • 1 min
What you need to know TheS&P 500 Index ( $SPX ) ( SPY ) on Monday closed up +0.40%,theDow Jones Industrials Index ( $DOWI )( DIA ) closed up +0.13%, and...
Logo NasdaqNasdaq
2023-09-25 20:43:31  • 1 min
Following the rally seen in the previous session, stocks may show a lack of direction in early trading on Friday. The major index futures are currently...
Logo RTTNewsRTTNews
2023-09-15 12:55:07  • 2 mins
TheS&P 500 Index ( $SPX ) ( SPY ) today is down -0.14%,theDow Jones Industrials Index ( $DOWI )( DIA ) is down -0.38%, and theNasdaq 100 Index ( $IUXX )...
Logo NasdaqNasdaq
2023-09-25 15:12:03  • 1 min
Morning Markets December E-Mini S&P 500 futures ( ESZ2 3) are down -0.32%, and the Dec Nasdaq 100 E-Mini futures ( NQZ2 3) are down -0.33%. Stock index...
Logo NasdaqNasdaq
2023-09-25 12:57:25  • 1 min
(RTTNews) - Indian shares ended little changed on Tuesday despite weak cues from global markets. Global sentiment was fragile, the dollar index hit a...
Logo NasdaqNasdaq
2023-09-26 10:24:32  • 1 min