Global Stocks Dip Ahead Of Fed Call As Traders Eye Shifting Market Expectations

Benzinga

Global markets softened as traders awaited the Fed’s rate call and crucial Oracle and Broadcom earnings that could shape sentiment on stretched AI valuations. Futures priced a near-certain quarter-point cut, while uncertainty over guidance and shutdown-delayed data kept volatility elevated.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Global stocks dipped on Wednesday as traders waited for the Federal Reserve's rate decision

00:07and key earnings from Oracle and Broadcom, which could test AI sector valuations, according to

00:12Reuters. European stocks slipped, while U.S. futures inched higher and the dollar eased against

00:18major currencies. Futures markets priced an 89% chance that the Fed will cut rates by a quarter

00:24point to 3.50 to 3.75%, but expected limited guidance for additional cuts. Uncertainty

00:32around the Fed's rate cut outlook is growing, as the dot plot may show disagreement among

00:37policymakers and key economic data are delayed by the government shutdown. Volatility could

00:43rise on Thursday as global investors react to the Fed decision and key Oracle and Broadcom

00:48earnings that may influence the AI sector. Rising U.S. yields boosted the dollar and pressured

00:53the yen. Silver surged past $60 to $61.45 per ounce, and Treasury yields held at 4.187%

01:01after climbing this month.

01:02For all things money, visit Benzinga.com.

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