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US stocks hovering around unchanged levels ahead of the Fed
In around 10 minutes from now the Fed will announce what just about everyday believes will be unchanged monetary policy. That is not a 100% given, but within the context of things, probably around 99%. Just ahead of this the US stock markets are hovering at around unchanged levels. The Dow Jones is slightly in the green, but we are talking pennies here. The Dow reopened today at a new 2023 opening high, at 36,601. Earlier today it rose to a high of 36,619, which was a new 2023 high and the highest level since last year. It has just backed off a little, as the Fed policy announcement looms in a few minutes. There will be an update here once that is known and perhaps more especially if there is any significant change in the Fed rhetoric that accompanies the decision. The Dow Jones is currently trading at 36,590
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