The new date is Jun 15, 2022.
The stock market moved higher on Wednesday as investors nervously look ahead to the conclusion of the Federal Reserve's upcoming policy meeting with the central bank now expected to hike interest rates by a more aggressive 75 basis points in an effort to deal with surging inflation
The Fed is expected to announce a rate hike later today.
The S&P 500 and the tech-laden Nasdaq gained 1.6% and 1.6%, respectively, after the five-session losing streak ended.
After a much hotter-than- expected inflation report last week, experts are now calling on the Fed to hike rates more aggressively.
Markets are now overwhelmingly betting on a 75-basis-point rate hike, with a nil chance for a 50-basis-point rate hike.
The last time the Federal Reserve raised interest rates was under the leadership of Alan Greenspan in 1994, when the central bank orchestrated a soft landing and avoided a recession.
When Fed Chair Powell gives a press conference at 2 p.m., investors will be watching for any new hints on the path for monetary policy. It's time to est.
The 2-year and 10-year Treasury yields recently hit their highest levels since 2007, but rates on government bonds moderated somewhat on Wednesday.
The overall attitude is still very gloomy and most people look at a recession and further equity downside as being inevitable. There is a fear that a bear market rally may happen this week around the Fed and most people think it will be ephemeral but violent.
While markets expect a 75 basis point rate hike by the Fed, the press conference following the statement this afternoon will help analysts assess the Fed's ability to navigate Chairman Powell's soft landing as it takes a more aggressive approach instan
As the market continues to be hard-hit by a massive selloff this week, several firms have halted exchanges or announced layoffs.
The S&P 500 fell deeper into bear market territory on Tuesday, now sitting 22% below its January record high. After last week's red-hot inflation report led to a spike in recession fears, the major averages fell by around 5% or more.
Markets reacted last time the Fed hiked rates.
The stock market is set to get worse as the Fed rate decision looms.
There is a bloodbath in the stock market.
The S&P 500 has entered a bear market as inflation fears affect oil markets.
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