Fed expected to hold rates at 3.75%-4.00%, Tesla, Meta and Netflix in focus

The US Federal Reserve is widely anticipated to leave its benchmark interest rate unchanged at 3.75%-4.00% following Wednesday’s policy meeting, with the decision scheduled for 2 p.m. Eastern. Out of 100 economists surveyed in Reuters’ latest poll, 94 expect no immediate change, though all foresee a rate hike in December. Investors are closely watching the tone and accompanying statement from the central bank, as a less aggressive outlook on future rate hikes could ease Treasury yields and spur renewed demand for large technology and growth stocks.

Source: CoinTurk News