Market is cautious ahead of Fed meeting with negative sentiment

From Investing.com: 2024-12-17 04:39:00

US retail sales are in focus today, but a Fed rate cut seems likely. The Dow Jones sees its longest negative streak since 2018. Meanwhile, a government crisis in Canada could impact the Loonie. Risk sentiment was down on Monday, with mixed performance in US equity indices. Cryptocurrency market remains strong as investors anticipate Trump’s stance. The Fed is preparing for an important meeting on Wednesday.

The UK Pound starts the day strong, outperforming the Euro and Dollar. BoE rate cut chances seem low for Thursday’s meeting. Labor market data shows positive signs. BoE likely to hold off on rate cut until February.

Trudeau faces pressure in Canada as political crisis looms. Freeland resigns, putting pressure on Trudeau. Snap election probability rises. BoC may hold off on easing further due to political uncertainty. Loonie could see some relief.



Read more at Investing.com: Fragile Market Appetite Ahead of the Fed Meeting