The Dow Jones futures index rose Meanwhile, investors are keeping an eye on the results of the Federal Reserve’s (Fed) monetary policy meeting tonight.
As of 6:45 pm Thai time, the Dow Jones Futures Index rose 58 points, or 0.15%, to 38,670 points.
However, Nasdaq futures fell more than 1%, weighed down by lower Alphabet and Microsoft share prices after yesterday’s earnings release.
Markets are paying close attention to Fed Chairman Jerome Powell’s statement after tonight’s meeting. Find signs indicating the direction of Fed interest rates this year.
Investors are putting almost 100% of their weight on expectations that the Fed will hold interest rates at this meeting.
CME Group’s latest FedWatch Tool indicates that investors are 97.9% positive that the Fed will maintain interest rates at 5.25-5.50% at today’s meeting. and gave 54.4% pressure that the Fed will maintain interest rates at that level at its meeting in March. In addition, investors pressured the Fed by 51.7% to cut interest rates by 0.25% to 5.00-5.25% at its May meeting. This will be the first cut in the interest rate. After the Fed raised interest rates 11 times since the start of the rate hike cycle in March 2022, As a result, the Fed raised interest rates by 5.25%.
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