General World News

Oil declines while stocks are muted as ‘all eyes are on the Fed’ on rate-decision day

FILE PHOTO: U.S. President Donald Trump looks on as Jerome Powell, his nominee to become chairman of the U.S. Federal Reserve, speaks at the White House in Washington, U.S., November 2, 2017. REUTERS/Carlos Barria/File Photo/File Photo

  • Markets on Monday morning were muted, with US futures notching down, while European stocks opened rising marginally as “all eyes are on the Fed.”
  • The sentiment across the board is that traders are waiting for the Fed’s decision on a rate cut — most think that one is coming it’s just how big a cut.
  • Oil prices also slipped after falling sharply on Tuesday, but are still well above pre-strike levels.
  • View Markets Insider’s homepage for more stories.

Markets on Wednesday look set to open muted with “all eyes are on the Fed,” as traders wait to see what the read more >>>

Source:: BusinessInsider.Com