Institutions: Fed Rate Decision and Its Credibility Crucial for Investors

On September 16, investors' attention focused on the Fed's rate decision due later, with market expectations broadly pointing to a rate hike.

However, Patrick Munnelly, an analyst at Tickmill Group, noted in a report that traders will also watch the Fed's statements and policymakers' resolve to tackle inflation in the coming months. He said: "The broader market reaction will be most evident in the dollar, gold, and stock markets, as investors will quickly show whether they believe the Fed is regaining control or merely chasing a market that has already run ahead of it." (Jin Shi)

[TechFlow]