US indexes edge up before Fed
U.S. stock indexes modestly green
Tech leads S&P 500 sector gainers; Energy weakest group
Euro STOXX 600 index up ~0.2%
Dollar edges up; crude up >1%; gold dips; bitcoin off ~2%
U.S. 10-Year Treasury yield edges up to ~4.40%
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U.S. INDEXES EDGE UP BEFORE FED
The three major U.S. stock indexes are modestly higher in early trading on Wednesday, with investors holding their breath ahead of this afternoon's Federal Reserve announcement.
Investors expect the central bank to cut rates by 25 basis points, but the rate outlook for 2025 remains less certain to them, so market watchers will pay close attention to the Fed's summary of economic projections. The announcement is expected at 2 p.m. ET.
Recent economic data has pointed to a resilient U.S. economy that could mean the Fed will not need to cut rates for as long as some had expected.
The S&P 500 technology sector .SPLRCT is leading gains on the benchmark index along with healthcare .SPXHC, while energy .SPNY is down in early trading.
Here is the morning market snapshot:
(Caroline Valetkevitch)
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FOR WEDNESDAY'S EARLIER LIVE MARKETS POSTS:
BENCHMARK TREASURY YIELD TILTING HIGHER AHEAD OF FED - CLICK HERE
WHAT IS STRATEGIC ABOUT A BITCOIN RESERVE? - CLICK HERE
UK INFLATION: HOW MUCH DID OPTICIANS SPEND ON THURSDAYS? - CLICK HERE
RELEASING GERMANY'S FISCAL STRAIGHTJACKET - CLICK HERE
DEALS THE DRIVING FORCE - CLICK HERE
EUROPE BEFORE THE BELL: DON'T THEY KNOW ITS CHRISTMASTIME? - CLICK HERE
MORNING BID: FED LOOMS AND EUROPE GETS INFLATION DATA - CLICK HERE
morning snapshot https://tmsnrt.rs/4iJ8GaI
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