The Market Brief
Good morning, team!
Futures are climbing in early trading as Wall Street prepares for this week’s highly anticipated Fed meeting.
Let’s dive into what’s on our radar for the days ahead!
Impact Snapshot
🟥 Manufacturing/Services PMI - 9:45am
Macro Viewpoint
Futures edged higher as the market looks to rebound from a sluggish prior week, with attention now turning to a pivotal Federal Reserve meeting, where policymakers are widely expected to lower interest rates by 25 basis points.
Following a broad rally after President-elect Donald Trump’s victory in November, the stock market has recently shifted to a more concentrated, tech-driven upswing.
This week’s spotlight is on the Federal Open Market Committee’s meeting on Tuesday and Wednesday, where the Fed is anticipated to reduce the benchmark interest rate once again.
Interest rates play a critical role in shaping borrowing costs and are a key factor in assessing stock valuations. Rate expectations also influence bond yields, which can diminish the appeal of equities when they rise, as U.S. Treasuries, backed by the government, are considered virtually risk-free when held to maturity.
