U.S. Stocks Showing A Lack Of Direction As Fed Announcement Looms
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U.S. stocks are mixed ahead of the Federal Reserve's monetary policy announcement on 9/18/2024 at 2 PM ET; Nasdaq up 19.09 points (0.1%) at 17,647.15; S&P 500 down 1.57 points (<0.1%) at 5,633.01; Dow down 80.08 points (0.2%) at 41,526.10; CME Group's FedWatch Tool shows 61% chance of a half-point rate cut, 39% for a quarter-point; John Lynch from Comerica Wealth Management predicts a 25 basis point cut; U.S. inflation growth is below target, unemployment at 4.0%, and federal deficit spending is rising; August saw a rebound in new residential construction; Asian markets mostly higher, European stocks mostly lower; U.S. ten-year treasury yield up 4.9 basis points at 3.691%.
#Stocks #FederalReserve #InterestRates #EconomicNews #MarketTrends #UsEconomy #Trading #Investments #CmeGroup #ResidentialConstruction
https://www.rttnews.com/3475951/u-s-stocks-showing-a-lack-of-direction-as-fed-announcement-looms.aspx
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