Day: June 16, 2021

Stocks Lack Direction Ahead Of Fed Interest Rate Decision

S&P 500 futures are swinging between gains and losses in premarket trading as traders wait for the Fed Interest Rate Decision. Most likely, the market will be unable to make any material moves before traders have a chance to see Fed’s commentary and economic projections. Bond markets remain calm, and the yield of 10-year Treasuries …

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Investors at the edge of their seat ahead of the Fed, gold pressured, Shiba leaps

Markets are treading water in a typical pre-Federal Reserve session, with answers awaited on the timing of tapering bond-buying and raising rates. Chinese figures, the Biden-Putin summit, and the occasional leap in a small cryptocurrency play second fiddle to the long wait for Fed Chair Powell. The Fed is set to leave its interest rate …

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