Published on 17 Dec 2024 on Benzinga
Stocks Slip Ahead Of Fed Meeting, Chipmakers Suffer From China's Threat, Bitcoin...
The stock market edged lower by midday Tuesday as investors treaded cautiously ahead of the Federal Reserve’s policy decision scheduled for Wednesday.
Although a rate cut appeared widely priced in—with Fed Funds futures assigning a 96% probability—investors are fully focused on the Fed's forward guidance and Chair Jerome Powell‘s remarks, particularly in light of recent robust economic data.