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US stocks hold in place in the countdown to the Federal Reserve’s meeting on Wednesday
Markets expect the Federal Reserve to cut interest rates for the third time this year amid mixed signals from job market data and inflation, with the S&P 500 near record highs.
- On Wednesday, U.S. stocks largely held in place as Wall Street awaited the Federal Reserve, with the S&P 500 virtually unchanged near its all-time high.
- Widespread expectation is that the Fed will cut rates Wednesday afternoon, but many on Wall Street brace for talk tamping down 2026 cuts as inflation stays above target.
- The two-year Treasury yield climbed to 3.60% from 3.57% late Monday, and the 10-year Treasury yield rose to 4.18% from 4.17%, reflecting bond-market shifts.
- The Dow dipped 0.4% while the Nasdaq rose 0.1%, and JPMorgan Chase weighed on markets after expenses could rise to $105 billion next year.
- The near-assumption of another Fed cut has pushed markets near records, as Wall Street braces for Fed remarks that could temper 2026 expectations, with Nvidia slipping 0.7% after the White House approved limited AI-chip sales to China.
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40 Articles
40 Articles
Coverage Details
Total News Sources40
Leaning Left18Leaning Right3Center10Last UpdatedBias Distribution58% Left
Bias Distribution
- 58% of the sources lean Left
58% Left
L 58%
C 32%
Factuality
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