Wall Street opens higher on Fed-Day, or rather awaiting the announcement on US rates that will arrive today, at about 20 Italian time, from the American central bank led by Jerome Powell. After the opening bell, the Dow Jones advanced 0.99%, while the S&P 500 index and the Nasdaq rose approximately 1.15% and 1.5% respectively.
In the last week, and more precisely after the higher-than-expected US inflation data, expectations about tomorrow’s tightening have changed. Several well-known analysts and economists have revised their rate projections upwards, fearing a tightening of 75 basis points for the day today, at the end of the FOMC meeting, the monetary policy arm of the Fed: among these, also Goldman Sachs, which predicts that US rates will be raised to 1.75% today. But it does not end there, given that in the toto-Fed, which has gone mad, there was also talk of a rate hike of 100 basis points.
Meanwhile, at the end of the emergency meeting of the ECB that was called for today, the board of directors of the Frankfurt institute issued a statement, which revealed the commitment to accelerate the creation of a new anti-fragmentation tool EUR.