US Markets Update: Wall Street braces for Fed’s ‘hawkish hold’

Federal Open Market Committee expected to keep rates in a range of 5.25 per cent to 5.5 per cent

  • September 20, 2023
The rate decision and committee forecasts will be released at 2 pm. in Washington. Picture: Getty

Stocks, bonds and the dollar saw small moves, with traders betting the Federal Reserve will keep interest rates steady on Wednesday while hinting at the possibility of hiking again, if warranted.

The S&P 500 edged higher. FedEx, a global economic bellwether, is due to report earnings after the close. Two-year US yields halted a four-day advance. The dollar fell against all of its developed-market peers. Oil dropped, following a rally that briefly sent Brent above ...