Shares poised to open lower. Klaviyo prices above indicated range. US yields rise as Fed statement, forecasts awaited. Follow updates here.
US five- and 10-year yields hit the highest levels since 2007.
“Do policymakers become convinced that despite a resilient labor market, pricing pressures will continue to ease? If core inflation shows it is struggling to continue to drop, the higher-for-longer rate regime will last a lot longer than the market is pricing in.” Investors are keenly focused on Fed officials’ updated quarterly rate projections — known as the dot plot — that will be released Wednesday at the conclusion of the policy meeting.
To Fawad Razaqzada at City Index and FOREX.com, should the Fed revise the 2024 median plot to indicate fewer rate cuts than previously projected, that would discourage bearish bets on the dollar.
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