U.S. Stock Market, Slight Rise Ahead Of Fed Announcement…Market Cautious Mode

On The 18th (local time), the U.S. stock market started with a slight upward trend.

Right after the market opened, the S&P500 rose 0.09%, the Nasdaq climbed 0.12%, and the Dow Jones increased by 0.05%, entering into a firm consolidation zone.

The market is showing cautious movements ahead of the scheduled Federal Open Market Committee (FOMC) benchmark interest rate announcement and press conference by Jerome Powell, the Federal Reserve Chairman. While a rate freeze is widely expected in the market, there is a keen attention on Powell's remarks to gain hints about the future direction of monetary policy.