Retracement before we continue going down.
The Federal Reserve will conclude its two-day meeting on Wednesday and release a policy statement with economic and interest rate forecasts at 2 p.m E.T. Chairman Jerome Powell will then hold a press conference after.
The central bank has the difficult task of soothing markets during a tumultuous month, while at the same time preparing investors for the removal of some monetary stimulus. Powell has previously said a tapering of the Fed’s emergency $120 billion in bond buying could begin as soon as this year.
The Federal Reserve will conclude its two-day meeting on Wednesday and release a policy statement with economic and interest rate forecasts at 2 p.m E.T. Chairman Jerome Powell will then hold a press conference after.
The central bank has the difficult task of soothing markets during a tumultuous month, while at the same time preparing investors for the removal of some monetary stimulus. Powell has previously said a tapering of the Fed’s emergency $120 billion in bond buying could begin as soon as this year.