Charting the Markets: The World Awaits the Fed
While equity markets are loving the dealmakers.
A Federal Reserve police officer walks past the Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
After much anticipation, today the world will learn if the Fed is going to raise rates or not, as most traders and economists think. It’s day two of the Federal Reserve’s two-day meeting on interest rates and at 2 p.m. Washington we’ll get the word. Fed chair Janet Yellen will speak 30 minutes later.
A narrow majority of economists think the Fed will keep rates on hold. Traders seem more certain the Fed won’t act. The probability of a rate hike stands at just 34 percent, according to futures contracts.