Investors Await FOMC Outcome
In afternoon trading on Wednesday in
Prior to the press release by the FOMC, which is expected to give investors an indication of where interest rates are headed, the first quarter U.S. economic data will be released which is likely to influence the Federal Reserve’s decision with respect to interest rates.
Some analysts and economists are predicting that the Federal Reserve will hold interest rates steady after todays expected reduction in the key interest rate, in order to curb inflation. However, other analysts are unsure whether or not the Federal Reserve’s rate cutting is coming to an end, and believe additional cuts will be necessary to stimulate the