Federal Reserve Rate Decision is approaching The rise of the US dollar is hindered, and gold breaks through $1,930 resistance

Federal Reserve Rate Decision is approaching

The rise of the US dollar is hindered, and gold breaks through $1,930 resistance

On Monday (September 18th), as the week of major central bank meetings around the world began, stocks, bonds, and the US dollar experienced slight fluctuations, and their interest rate decisions will set the tone for the rest of the year in the market. Due to the widespread expectation that the Federal Reserve will keep interest rates unchanged this week, traders will focus on the so-called economic forecast matrix abstract. The two main questions are whether policymakers will maintain their forecast of raising interest rates by another 25 basis points before the end of the year, and how much they expect to ease in 2024.

The S&P 500 index closed near 4450 points. Brent crude oil retreated after almost hitting $95 per barrel earlier Monday, exacerbating inflation concerns. Apple's stock price rose, while Tesla's stock price fell as Goldman Sachs lowered its profit forecast for the electric vehicle giant. The yield of 10-year US treasury bond fell slightly, while the yield of two-year treasury bond remained above 5%.