Market / Economy

Traders waiting for the Fed's 'moment of truth' are sending global stocks higher

Posted On: Jun 18, 2019   |   Posted By: Business Insider

Traders waiting for the Fed's 'moment of truth' are sending global stocks higher

Stocks rose on Tuesday as traders waited for signs from the Federal Reserve that it will cut interest rates.
While the Federal Open Market Committee isn't expected to announce an immediate cut, it could signal its intention to lower rates later this year.
A sharp decline in the Empire State Manufacturing Survey raised hopes the central bank would take action to boost the US economy.
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Stocks rose on Tuesday as traders waited for signs from this week's Federal Reserve meeting that the central bank would cut interest rates.
The Federal Open Market Committee isn't expected to announce an immediate cut when its meeting concludes on Wednesday, but it could signal its intention to cut rates later this year.
"This week's FOMC meeting is the moment of truth for Fed watchers," said Ipek Ozkardeskaya, senior market analyst at London Capital Group.
"A less dovish readjustment in the language could be a disappointment for the markets and send the US stock and bond markets...

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