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Dow Futures Trade Higher in Anticipation of Fed Meeting’s Outcome

Early on Wednesday morning, Dow futures are trading slightly higher in anticipation of Federal Reserve’s interest rate decision due later during the day. At the time of writing, DOW is trading at above 26465, after closing at 26112.53 yesterday.

While the Fed is widely expected to keep interest rates on hold at current levels, markets are waiting to hear any clues about upcoming rate cuts in the near future over weakening economic data and inflation in the US. Today’s comments from Fed Chair Jerome Powell would be of special interest to see if Trump’s statements on rate cuts have had any impact on the Fed’s decisions.

Following ECB President Mario Draghi’s dovish comments on Tuesday, President Trump had criticized the central bank of manipulating the Euro currency. Draghi had remarked that the bank would soon explore stimulus measures to support weak inflation in the Eurozone.

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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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