Markets will be looking ahead to the Fed's conclusion of its meeting on Wednesday, where it's expected to issue a statement signaling a rate hike as soon as March and more policy tightening.
Investors will be looking ahead to the Fed's conclusion of its meeting on Wednesday, where it's expected to issue a statement signaling a rate hike as soon as March and more policy tightening.
The International Monetary Fund downgraded its global growth forecast for this year as rising Covid-19 cases, supply chain disruptions and higher inflation hamper economic recovery. Oil prices rose over 2% on Tuesday on concerns that supplies could become tight due to those Ukraine-Russia tensions, among other factors.
SINGAPORE — Japan markets were poised to trade muted at the open on Wednesday, after U.S. equities tumbled overnight in another volatile session as investors await the Fed meeting statement later stateside.
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CNBC Fed Survey forecasts more aggressive Fed, but better economic growthThe central bank's two-day meeting ends Wednesday, where it is expected to give more clues as to when it will hike rates and begin shrinking the balance sheet.
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