This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.
Global stock markets were mostly weaker overnight. U.S. stock indexes are pointed toward narrowly mixed openings when the New York day session begins.
Traders and investors worldwide are a bit cautious ahead of the U.S. Federal Reserve’s monetary policy meeting.
Gold prices are slightly higher in pre-U.S. day session trading, on some tepid short covering following recent selling pressure that pushed prices to a three-week low on Monday.
The markets’ highlight of the week is the Federal Reserve‘s Open Market Committee (FOMC) meeting that begins Tuesday morning and ends Wednesday afternoon with a statement. No interest rate changes are expected from the FOMC at this meeting. However, it is expected the Fed will announce it is drawing down its balance sheet of securities. Fed Chair Janet Yellen will hold a press conference after the FOMC meeting ends. Also, the Federal Reserve will release inflation projections that will be closely scrutinized.
President Trump speaks in front of the United Nations in New York Tuesday. It’s expected that Trump will talk about North Korea’s missile program.
In overnight news, the German ZEW economic expectations index came in at 87.9 in September from 86.7 in August.
The key outside markets on Tuesday morning see the U.S. dollar index weaker.
The greenback bears remain in firm technical control. Meantime, Nymex crude oil futures are trading firmer this morning. The oil bulls have the slight near-term technical advantage.
U.S. economic data due for release Tuesday includes the weekly Goldman Sachs and Johnson Redbook retail sales reports, import and export prices, and new residential construction.
To get full access to all Money Morning content, click here
About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.
Disclaimer: © 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.
The post Markets Pause As FOMC Meeting Begins Tuesday appeared first on Money Morning – We Make Investing Profitable.
Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.
