Stock market today: Stocks hold steady as world awaits Fed decision

Published On Sep 17, 2024, 4:09 PM

Today, stock markets are stable as investors await the Federal Reserve's upcoming interest rate decision. The anticipation surrounding this decision is causing a cautious sentiment in the markets, with many investors looking for cues on the future direction of monetary policy. Market participants are particularly focused on whether the Fed will choose to raise interest rates or maintain the current policy, which could affect market stability in the near term.

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If the Fed decides to maintain interest rates, this may lead to a positive sentiment in the market, potentially boosting financial stocks and ETFs. Conversely, an unexpected rate hike could lead to a market dip as investors adjust to higher costs of borrowing.

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