It’s a relatively tame morning in financial markets while traders await the Federal Reserve’s decision on interest rates and Chairman Kevin Warsh’s comments in an afternoon press conference.
US stocks opened slightly higher: The Dow gained 22 points, or 0.04%. The S&P 500 rose 0.1% and the Nasdaq Composite rose 0.46%.
Oil prices were up less than 1%, pausing a four-day slide. Treasury yields fluctuated. Gold was flat. The US dollar index rose less than 0.1%.
Traders widely expect the Fed to hold interest rates steady for the fourth meeting in a row, as policymakers assess the economic implications of the war with Iran, including concerns about inflation, as well as signs of a rebounding labor market.
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