US stocks muted ahead of the FOMC meeting
Equity markets remained jittery on Wednesday, as traders geared up for today’s Federal Reserve rate decision.
The Federal Open Market Committee is set to meet later this afternoon, with the bank expected to lower interest rates by 25 basis points.
This will mark the third consecutive cut by the Fed; however, markets wait to see how the Fed forecasts the economy.
A major contributor to recent economic growth has been Nvidia, which is seen as the key player in AI.
On Tuesday, Trump announced that he would allow China to purchase Nvidia’s advanced H200 chips, with a percentage of sales coming to the government.
Despite this, the chipmaker was largely in the red in today’s session, as questions of demand from China sparked investor concerns.
Author
Eliman Dambell
Sayvio AI
With over a decade in financial markets, Eliman brings an experienced and diversified point of view to market analysis. He covers current and historical macro trends to give insights on Metals, FX, Stocks, and Crypto.
