Markets Cautious Ahead of Fed Meeting That May Influence Rate Cut Timing
• Futures markets tentative ahead of important Fed policy meeting and Chair Powell's comments which could influence rate cut expectations
• Goldman Sachs analysts now estimate two Fed rate cuts in 2024, pulled forward first cut prediction to Q3 amid "better inflation news"
• Cigna ends pursuit of $140B merger with Humana after failure to agree on financial terms and regulatory concerns
• Chinese stocks mixed as deflation deepens, with lowest producer price inflation in 3 years compounding sluggish post-pandemic consumer recovery
• Oil prices edge lower ahead of Fed meeting, extending 7-week losing streak on disappointing OPEC+ cuts and weak Chinese economic data