Posted 3/19/2024, 1:34:00 PM
Stocks Edge Lower Ahead of Fed Decision; BoJ Hikes Rates, Bitcoin Retreats
- Stocks pulled back on Tuesday ahead of a key Fed policy decision that could offer clues about future interest rate cuts
- Attention is on the Fed's policy meeting and "dot plot" that suggests timing/number of any rate cuts this year
- Bank of Japan ended its negative interest rate policy, hiking rates for the first time in 17 years
- Bitcoin retreated over 5% to over $63K, its biggest one-day loss in 2 weeks
- Unilever shares popped after the company said it would cut jobs and spin off its ice cream division