Global stocks see ‘red’, oil markets are mixed, and with little economic U.S. data on tap, the markets focus turns to the U.S. Treasury department. Here are the five things you need to know.
For anyone looking for significant clues to the future of Fed policy, yesterday’s FOMC statement was a real letdown. The announcement mostly reflects U.S policy makers’ caution in a time of political upheaval. Nevertheless, the Fed indicated that they remain on track to gradually raise short-term interest rates this year.