How are US benchmarks, the dollar, and gold expected to perform after the Federal Reserve indicated it will pare stimulus down more quickly than initially intended, opening the door to higher interest rates?
Most American stocks peaked out after Jerome Powell received a second term as the Chairman of the Federal Reserve, on Monday. The dollar rallied, and gold dropped. Investors now wait for Fed minutes and critical economic data. Will they resume their trend afterwards, or has it run its course?
The Federal Reserve will conclude its two-day policy decision meeting on Wednesday. It is considered almost sure that the central bank will announce it will begin tapering its record stimulus. How will investors react to the Fed's paring down its support of the economy?