HomeFinancial MarketsStocks Mixed Ahead of Fed Meeting

Stocks Mixed Ahead of Fed Meeting

Stocks remained mixed on Monday morning as markets braced themselves for the Federal Reserve’s upcoming policy meeting where the central bank will discuss its next interest rate decision. The S&P 500 edged 0.06% higher, while the Dow Jones Industrial Average slipped by 0.03% and the Nasdaq Composite Index declined by 0.07%.

Following the release of economic data that indicated easing inflation and a cooling labor market, investors are expecting the Federal Open Market Committee to keep interest rates steady in the range of 5.25% to 5.5%. The CME FedWatch Tool has priced a 99% probability that the Fed will pause its rate hikes, up from 92% last week.

According to numerous economists, a rise in August consumer prices will not have an impact on the Federal Reserve’s rate decision. Still, this data suggests that interest rates may remain higher for longer without rate cuts being implemented in the near future.

GameStop Shares Surge More Than 35% Ahead of the Earnings Report

Shares of video game and electronics retailer GameStop are on the rise again. The company’s stock has been surging in recent days, gaining more...

Microsoft to Invest $3.2 Billion in UK in AI Push

Microsoft is planning to inject $3.2 billion over the next three years into the United Kingdom in an effort to foster artificial intelligence technology...

European and U.S. Stocks Rise Ahead of U.S. Inflation Data

European and U.S. stocks rose higher during Thursday's morning session as investors awaited U.S. inflation data due to be released later in the day....