Wall Street flat ahead of Fed rate decision
Wednesday, 31 July 2019 23:12 WIB | MARKET UPDATE |DOW JONESS & P 500Indeks NasdaqSahamASWallstreet

U.S. stocks were little changed on Wednesday as investors awaited a widely anticipated interest rate cut by the Federal Reserve and clues on whether it would inaugurate further monetary easing.

With a quarter-percentage-point cut in borrowing costs almost certain, focus will now fall on Fed Chairman Jerome Powell to explain why the move was necessary and what comes next.

The Fed is set to release its policy statement at 2 p.m. EDT (18:00 GMT).

At 11:35 a.m. ET the Dow Jones Industrial Average was up 1.80 points, or 0.01%, at 27,199.82, the S&P 500 was up 1.23 points, or 0.04%, at 3,014.41 and the Nasdaq Composite was up 22.77 points, or 0.28%, at 8,296.38.

Source : Reuters


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