The U.S. Federal Reserve will announce another crucial rate hike decision during the FOMC meeting on Wednesday, February 1, primarily based on the aim to reduce inflation to 2%. Considering the cooling inflation and strong jobs data, Wall Street experts believe the Fed is likely to slow the interest rate hike to 25 bps.
Futures-tied U.S. stock indexes Dow Jones, S&P 500, and Nasdaq 100 are down 0.50% ahead of the U.S. Fed rate hike decision.
(By Varinder Singh)
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