The main Wall Street indices They rise cautiously this Wednesday, November 1, awaiting a key decision on monetary policy from the Federal Reserve of the United States.
The industrial average Dow Jones It rises 46.39 units, or 0.1%, to settle at 33,099.26 points. Meanwhile, the selective index S&P 500 advances 15.67 units, or 0.4%, to 4,209.47 units, while the technological Nasdaq climbs 77.23 points, or 0.6%, to 12,928.47 units.
Wall Street: investors wait attentively for the Fed’s decision
The focus of the day will be on Fed monetary decisionwith the widespread expectation that the central bank keep interest rates stable. Investors will analyze the speech of the president of the entity, Jerome Powellto gauge their trajectory and how long they will remain on the rise.
“The Fed is in a desirable position as it prepares to announce a monetary decision this afternoon, thanks to the combined effect of rate hikes and rising Treasury yields, which are keeping pressure on prices,” he said. Francesco PesoleING strategist.
Meanwhile, the yield on US debt falls on average 2%.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
