Markets Brace For Fed Meeting: US Stocks In Decline, With Microsoft Headed For 2023’s Worst Day

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In the early hours of trading on Wednesday, a sense of caution and higher risk aversion prevails among investors as they eagerly await the Federal Reserve’s decision on interest rates and Jerome Powell‘s remarks during the press conference. The Fed is likely to raise rates by 25 basis points to 5.25%-5.5%, reaching the highest level since February 2001. Much of the market’s reaction after the announcement will depend on how the Fed will signal its future intentions. Technology stocks in the Nasdaq 100 have slipped around midday, with Microsoft Corp. (NASDAQ:MSFT) down by 4.4%, marking its wors…

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