#FOMCMeeting

Today is a key day for the FOMC 📊, and Wall Street is showing caution 🤔. U.S. stock index futures have experienced a slight increase 📈 as the markets await the Federal Reserve's last interest rate decision of the year. The Fed is expected to reduce rates by 25 basis points during its meeting, scheduled for 2 p.m. ET on Wednesday ⏰.

Since this reduction is already factored in by the market, attention will focus on the Fed's Summary of Economic Projections (SEP) 📉, which includes the rate projection chart 📊, as well as comments from Chairman Jerome Powell 🗣️, who will provide hints about the future direction of rates in 2025.

Regarding Wall Street, major indexes recorded declines on Tuesday 📉, with the Dow marking its ninth consecutive daily drop 📉⚠️, a streak not seen since February 1978. This has led to rising expectations for a more restrictive policy from the Fed next year, due to strong growth 💪 and persistent inflation 💰 that limit arguments in favor of sustained rate cuts. Additionally, cryptocurrencies are falling 📉 and the dollar is strengthening 💵 in this uncertain context.$USDC