Markets on Edge: Fed Meeting and Bank Crisis Hopes Impact Stock Futures
TL;DR Summary
US stock futures were mixed ahead of the Federal Reserve's latest interest rate decision amid a fast-moving banking crisis. The benchmark 10-year Treasury yield increased to 3.6%, while on the front end of the yield curve, two-year yields rose 4.1%. Market expectations have skewed firmly toward a 25-basis point rate hike or no move at all. The Fed releases its decision and economic projections at 2 p.m. ET, and Powell gives a statement and takes questions starting around 2:30 p.m. ET.
- Stock market news today: Stock futures waver as all eyes on Fed meeting Yahoo Finance
- Stocks gain on hopes bank crisis is easing Reuters
- Fed Meeting Today: Dow Futures Waver Ahead of Interest-Rate Decision The Wall Street Journal
- Jittery markets attempt risk-on rally while waiting for Powell Yahoo Finance
- Wall St set for subdued open ahead of Fed rate decision, Powell comments Reuters
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