Dow Futures to Trade Lower Ahead of FOMC
Arslan Butt•Tuesday, June 18, 2019•1 min read
Dow futures are expected to trade lower on Tuesday morning ahead of the Fed’s two-day meeting on interest rates. Markets are trading cautiously as they wait to hear how the US central bank is planning to deal with the recent weak economic data releases and the ongoing trade war with China.
Although the Fed is widely anticipated to maintain interest rates at current levels, investors are waiting to hear for clues on any possible rate cuts in the near future to offset potential slowdown in economic growth and weakening inflation.
At the time of writing, DOW is trading at a little over 26112.
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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