Wall Street anticipates investors prepare significant hike

Wall Street anticipates investors prepare significant hike

Wall Street anticipates investors prepare significant hike

investors prepare significant hike In anticipation of the Federal Reserve’s widely anticipated significant rate hike, U.S.

At the conclusion of its two-day policy meeting, the U.S. central bank will probably increase its policy rate by 75 basis points for a third time, to a range of 3.00-3.25%. Fed Chair Jerome Powell’s news conference will come right after.

Investors will be paying close attention to updated economic forecasts from policymakers as they try to predict where interest rates are going, how long it will take for inflation to start falling, and how much damage rising prices are doing to the U.S. economy.

Brandon Pizzurro, director of public investments at GuideStone Capital Management, said: “What (investors) really want to see is whether or not we are going to have a continued, super hawkish Fed in terms of the way that messaging has been.

The benchmark S&P 500 is trading below 3,900 points, which technical analysts view as the index’s strong support level, and is close to its two-month lows.

The S&P 500 value index, which contains cyclical and economy-related sectors like banks, oil, industrials, and minerals, is down over 12% thus far this