US Stock Market: Wall Street is seen opening steady while investors are waiting for Fed Policy result | Einsmark news

US Equity Index -Termks contracts showed on a steady open on Wednesday, as investors remained careful before the Federal Reserve policy decision later that day. Markets largely expect the Fed to keep interest rates stable, while giving clues to the timing of future cuts. Apart from the Fed result, investors are also awaiting earnings reports of two ‘beautiful seven’ firms -Meta platforms and Microsoft. Stronger than expected growth in the US economy has done little to shift investor focus on interest rates and corporate earnings. According to the Fedwatch instrument of CME Group, there is a price of Fed Fund Fundures in an almost 98%probability that the central bank will keep its key rate unchanged at 4.25%-4.5%. However, Fed chairman Jerome Powell may be different from colleagues who believe it is time to provide more support to a sluggish job market. The Federal Reserve may see a rare split voice, with Trump-appointed governors Christopher Waller and Michelle Bowman, is likely to be not different from Powell’s decision to keep rates stable. If both division, it would be the first opposition of multi-governor since 1993, according to a report by Wall Street Journal. After the decision, traders will closely watch Powell’s press conference for insights into the Fed’s policy path. It comes as President Trump and his allies the central bank continues to lower the borrowing costs. In the second quarter, the US economy grew by 3% in the US economic activity in the second quarter on a modest bakkie in consumer spending and a significant drop in imports after a scramble to secure foreign goods earlier this year. Inflation-adjusted gross domestic product, which measures the value of goods and services produced in the US, increased an annual 3% after shrinking by a rate of 0.5% in the previous period, according to the preliminary government’s data on Wednesday. In addition to the recent tariff -related swings, economic activity was more moderate in the second quarter. Consumer spending-which accounts for two-thirds of GDP-has advanced 1.4%, which has been the best growth in successive quarters since the pandemic. Business Investment Growth has cooled down, reports Bloomberg. Disclaimer: The views and recommendations given in this article are those of individual analysts. This does not represent the views of coin. We advise investors to check with certified experts before making investment decisions.