FED TO MAKE INTEREST-RATE DECISION; POWELL TO SPEAK
The Fed is expected to hold rates steady Wednesday and signal one or two cuts this year. Powell’s comments may hint at tariff concerns.
Latest moves:
— U.S. futures point to slight gains after Tuesday’s tech-led drop.
— 10-year Treasury yields ticked up to 4.28%.
— The dollar strengthened.
— Turkey’s lira fell over 6%; Istanbul’s stock index dropped 6%, triggering a brief halt.
— The yen weakened after the BOJ held policy steady.
— Gold stayed above $3,030 after a record high Tuesday.