Marcus Today Pre-Market Podcast – Thursday 1st February
US stocks fell on Wednesday as traders digest the latest FOMC monetary policy decision and comments from Chair Powell. The Fed kept interest rates steady as expected and Chair Powell said it will be appropriate to start cutting rates at some point this year although he doesn't think a March cut is likely. Traders pared bets for a rate cut in March after such comments. The S&P 500 fell 1.61%, the Nasdaq 100 declined 2.23% and the Dow Jones lost 317 points.
ASX 200 SPI Futures down 84 points
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