Eliman Dambell
Tradeview Markets
The S&P 500 fell by as much as 2% on Wednesday, ahead of Fed Chair Powell’s latest speech.
Many are looking for forward guidance from the chair of the Federal Reserve, as to what the bank may do at its upcoming meeting.
It is expected that the Fed will keep rates unchanged at 5.5% next week, despite the U.S. economy remaining resilient.
Additionally, the current impact of tensions in the Middle-East means Powell may be looking to provide a sense of price stability.
As of writing, the S&P 500 was trading 1.46% lower. Gold jumped $25.00 roday.
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