Day: September 22, 2021

Stocks Move Higher While Traders Wait For Fed Interest Rate Decision

S&P 500 futures are gaining ground in premarket trading while traders prepare to hear the comments of Fed Chair Jerome Powell, who will speak soon after the Fed releases its Interest Rate Decision. The rate will stay unchanged, and traders will focus on signals regarding the fate of Fed’s asset purchase program. Most likely, Powell …

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Dollar retreats on some calm from Evergrande ahead of critical Fed decision

Markets are cautiously optimistic as Evergrande promised to pay some of its debt, alleviating dollar buying some pressure. The focus shifts to the US Fed, which is set to signal when it tapers its bond-buying scheme. Evergrande crisis: China’s distressed real-estate behemoth pledged it would pay its yuan-dominated debt payments due Thursday, providing some relief …

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