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A Fed Rate Hike Is All But Certain This Week: 2 Phrases In The FOMC Statement May Be What Moves The Market

The Federal Open Market Committee (FOMC) is widely expected to issue at least one more 0.25% interest rate hike at the conclusion of its meeting on Wednesday. The rate hike itself will likely not move financial markets much, but the language the FOMC uses in its policy statement could be a major catalyst.

SPY

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Nasdaq, S&P 500 Futures Slide Ahead Of Microsoft, Alphabet Earnings — Analyst Flags 3 Key Things That Could Impact May Fed Decision

Trading in the index futures suggests a negative opening by Wall Street stocks on Tuesday ahead of earnings from tech behemoths Alphabet, Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) and Microsoft Corp.

BIIB