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World stocks mixed ahead of the FOMC

  • Asian shares are mixed, European equities are mostly moderately lower and U.S. stock futures are higher as markets stay cautious ahead of the FOMC announcing its latest policy decision today.
  • With the Fed expected to taper some more and abandon its 6.5% unemployment rate threshold for considering rate hikes, punters are focusing on the triggers that would push the Fed to finally raise rates from rock-bottom levels.
  • Anatole Kaletsky writes on Reuters that as Janet Yellen chairs her first meeting as Fed Chair, she has a "once-in-a-generation opportunity" to "transform an entire generation's way of thinking about economics, market forces and the role of government in achieving and maintaining prosperity." So no pressure then.
  • Japan +0.4% to 14463, Hong Kong -0.1%, China -0.2%, India -0.05%.
  • Euro Stoxx 50 +0.2%, London -0.3%, Paris flat, Frankfurt +0.1%, Milan -0.15%, Madrid +0.1%.
  • U.S. stock futures: Dow +0.1%. S&P +0.1%. Nasdaq +0.2%
Comments (1)
  • Land of Milk and Honey
    , contributor
    Comments (3503) | Send Message
     
    The Fed already abandoned the 6.5% rate back in Nov. In Feb they've already had Fed-connected speakers say to the media they want to hike rates as soon as feasible.
    19 Mar, 06:43 AM Reply Like
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