It was a relatively quiet overnight session ahead of today’s FOMC meeting and U.S./China negotiations. Major equity markets overseas are little changed, and S&P 500 futures are currently up 13 points on better than expected earnings reports from Apple and Boeing. As noted in yesterday’s commentary, there is no expectation of a rate hike by the Fed today, but market participants will be listening closely to Chair Powell’s remarks, particularly related to balance sheet reduction.
Jason Haley
Managing Director, Investment Management Group
