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US Futures Up Before Fed Decision

Tiger Newspress2022-06-15

Stocks struggled for traction Wednesday and US equity futures made modest gains ahead of a Federal Reserve meeting that’s expected to deliver a hefty interest-rate hike to fight inflation.

S&P 500 futures rose 0.53%; Nasdaq 100 futures rose 0.78%.

Treasuries steadied following their worst rout in decades. Two-year yields retreated after hitting a level last seen in 2007 and the 10-year yield pulled back from near 3.5%.

Traders anticipate a 75-basis-point hike from the Fed Wednesday, the biggest since 1994. A closely watched part of the US yield curve inverted briefly Tuesday, signaling concerns that restrictive policy will sap the economy.

The dollar slipped and the Japanese yen climbed from a 24-year low. Bitcoin stabilized around $22,000. Oil held under $120 a barrel.

Fears of stagflation have driven stocks into a bear market and triggered a stunning selloff in bonds in recent days. Uncertainty is elevated heading into the Fed decision: increments of 50 basis points, 75 basis points and even 100 basis points have all been chewed over by commentators.

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    Comment17

    • HHTan
      ·2022-06-15
      Please like 
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    • Steven Tay
      ·2022-06-15
      Ok
      Reply
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    • Simonnov
      ·2022-06-15
      Ic
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    • AuntieAaA
      ·2022-06-15
      okok
      Reply
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    • whereareyou
      ·2022-06-15
      Maybe 100bps. 
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    • Helloyah
      ·2022-06-15
      monitor
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    • ngph
      ·2022-06-15
      👍
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    • LimLS
      ·2022-06-15
      Look like a small rebound before we know of Fed decision on hike and it's outlook at 2.30pm. Seller will be closing some of their position to take profit and wait for new direction after hearing the decision from Fed. WSJ seems to hint that Fed will be hiking 0.75% and market did priced in that already. But there are also views that Fed will maintain 0.5% in order not to distress the market. Its near impossible to guess the short term movement of the market due to so many conflicting views/information. So maybe it's better for us to take a step back and look at the mid/long term views instead. Don't get suck in by all the news and get misleaded. Step back and look at the bigger picture/longer term. Make your moves according to the big picture and wait for them to slowly materialize. Leave
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    • 小虎一飞冲天
      ·2022-06-15
      Like pls
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    • runningjames
      ·2022-06-15
      Maintain [smile] 
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    • RW52
      ·2022-06-15
      What will be will be.[Duh] 
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    • Monkey123
      ·2022-06-15
      Ok
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    • jannn
      ·2022-06-15
      [smile] 
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    • blessed_1
      ·2022-06-15
      Ok
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    • Huat1333
      ·2022-06-15
      [Great] [Great] [Great] [Angry] 
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    • iamjingxian
      ·2022-06-15
      Ok
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    • JaiVenky
      ·2022-06-15
      Noise
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