Stock Market Update
19-Mar-25 12:00 ET
Expectations for rate cuts remain steady ahead of FOMC
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[BRIEFING.COM] The major indices remain at session highs.
Market participants largely expect the fed to keep the target range for the fed funds rate unchanged at 4.25-4.50% today. The fed funds futures rate is still pricing in at least 50 basis points of rate cuts by the end of the year, according to the CME FedWatch Tool.
Expectations may shift following the FOMC decision at 2:00 ET and Fed Chair Powell's press conference at 2:30 ET. Participants will be focused on the tone Mr. Powell takes in his remarks, looking for any clarity on the path ahead.