Fed Decision, Microsoft and Alphabet Impress, Crude Data – What’s Moving Markets By Investing.com – Investing.com

Investing.com — The Federal Reserve is widely expected to increase interest rates once more, while better than expected earnings from both Microsoft and Alphabet should give Wall Street an opening boost. EIA crude stocks data are due later while the U.K. economic outlook deteriorates. Here’s what you need to know in financial markets on Wednesday, July 27.

1. It’s Fed decision day

The Federal Reserve concludes its two-day policy-setting meeting later Wednesday, and is widely predicted to hike its key interest rate by three-quarters of a percentage point as it battles inflation at 40-year highs.

Earlier expectations of an increase of a full percentage point have been largely doused by Fed policymakers, and this could mean they are discussing just how much tighter monetary policy needs to be to slow price increases against the risk that going too far could trigger a recession.

With this in mind, the focus will likely shift away from the decision itself to the statement and…

Read Full Story: https://www.investing.com/news/economy/fed-decision-microsoft-and-alphabet-impress-crude-data–whats-moving-markets-2854992

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