Highlights
Markets are transfixed awaiting the Federal Reserve's policy announcement and updated economic forecasts from policy-makers due at 2 pm ET Wednesday and Fed Chair Jerome Powell's press conference at 2:30 pm ET.
Markets are pricing in an 89 percent likelihood of a 25 basis point rate cut at the meeting, according to the CBOE FedWatch tool assessing market pricing. It's what guidance comes from the Fed, what the FOMC vote looks like, and what comes after the announcement that investors are worried about. The FedWatch tool shows markets are not anticipating rate cuts during the first half next year, and they are divided about the second half.
Markets are pricing in an 89 percent likelihood of a 25 basis point rate cut at the meeting, according to the CBOE FedWatch tool assessing market pricing. It's what guidance comes from the Fed, what the FOMC vote looks like, and what comes after the announcement that investors are worried about. The FedWatch tool shows markets are not anticipating rate cuts during the first half next year, and they are divided about the second half.
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.
