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Wall Street Falls in front of Fed Announcements By Investing.com




Investing.com – Wall Street opened lower on Wednesday before the Federal Reserve's political decision and publication of the latest economic forecasts.

The Federal Open Market Committee (FOMC) is expected to keep prices unchanged when it announces the results of its two-meeting at 14:00 ET (18:00 GMT). The main focus will be some changes in the central bank's monetary policy stance, particularly its "dot-plot" of interest rate expectations and its new growth forecasts

. "It's a Fed day, and investors will scrutinize their communication with two key factors ̵

1; the duration of patience and the general perspective of the economy," says Peter Cardillo, market economist at Spartan Capital Securities in New York, referring to Chairman Jerome Powell's assurance of that the Fed would wait and see before deciding to further increase prices after raising them four times last year.

"We believe the Fed will not surprise the markets but add another warning, a trade agreement, to data addiction and patience. "

The lost 132 points or 0.5% at 9:46 AM ET (13:46 GMT), while the lost 9 point or 0.3% and tech-heavy slipped 9 points or 0.1

General Mills (NYSE 🙂 was among the best winners after the morning clock, rising 3.5% after eking out a 1% gain in organ sales growth and updating the earnings forecast. Alphabet (NASDAQ 🙂 went up by 0.1%, judged by the news about that the EU beats the company with a $ 1.7 billion antitrust funding to block ad bribes.

Elsewhere, FedEx (NYSE 🙂 fell 6.3% after revenue lost forecasts, while Microsoft (NASDAQ 🙂 fell 0.6% and AT & T (NYSE 🙂 pushed 0.8%. UnitedHealth (NYSE 🙂 lost 1.3% as Walgreens Boots Alliance (NASDAQ 🙂 slipped 1% and Caterpillar (NYSE 🙂 was down 1.2%.

In commodities, 0.1% rose to $ 1,307.15 a troy ounce while it was down 0.3% at $ 59.09 per barrel. The one who measures the greenback against a basket of six major currencies increased by 0.1% to 95,907.

– Travelers contributed to this report.

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