Posted 3/20/2024, 1:41:00 PM
Stocks Edge Lower Ahead of Fed Rate Decision; Markets Eyeing Outlook for Future Cuts
- US stocks were mostly lower as traders looked ahead to the Fed's policy update and rate outlook.
- The Fed is largely expected to keep rates steady at this week's meeting.
- Markets are pricing in a 60% chance of a Fed rate cut by June.
- The Fed will update its economic projections and "dot plot" showing future rate expectations.
- Key indexes like the S&P 500, Dow Jones, and Nasdaq were little changed in early trading ahead of the Fed decision.