A weekend without any bad business news (no regional bank blowups, US debt ceiling talks didn’t go off the rails) appears to have encouraged bulls and bargain hunters to dip their toes back into the water to start the week.
The big FOMC interest rate and Quantitative tightening decisions that investors have been worrying about for the last several weeks arrive today at 2:00 pm EDT. The Fed is widely expected to raise its benchmark interest rate by 0.5% and
US index futures are mixed this morning as stocks struggle to regain their footing following yesterday’s afternoon selloff. Dow futures are up 0.2% while NASDAQ futures are down 0.4%. Fed minutes, which suggested that not only is the US central