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US stocks edged higher ahead of the Fed's interest rate decision
20hours ago

On the eve of the Federal Reserve's interest rate decision, the three major U.S. stock indices rose slightly, with the Dow Jones Industrial Average up 0.07%, the S&P 500 up 0.25%, and the Nasdaq up 0.46%. While Wall Street generally expects the Fed to keep interest rates unchanged, investors are more concerned about potential internal divisions during the vote. "The market is most concerned about the number of votes against holding interest rates steady," said Hill, head of portfolio management at Horizon Investments.

Investors will also carefully scrutinize the Federal Reserve's policy statement and closely monitor Chairman Powell's comments at the press conference. Northwestern Mutual Wealth Management Chief Investment Officer John Schutte believes the key to market direction lies in whether Powell signals a possible rate cut at the September meeting. The CNN Fear and Greed Index shows that greed is currently dominating the market. (Jinshi)