Stocks set for gains ahead of Fed meeting

Stocks are set for a higher start ahead of the US central bank’s policy announcement later in the day.

According to John Velis at BNY Mellon, Federal Reserve chairman Jerome Powell will be pressed for greater clarity as to what he meant by recent remarks that he wanted to see a “string” of months of strong jobs gains before talking about any sort of tightening, with Barclays Research expecting that meant six months.

Nonetheless, market pricing for rate hikes was less hawkish going into Wednesday’s Fed meeting than a month ago, Velis added.

Jarvis Investment Management Ltd offers a wide range of stockbroking and administration services and solutions. Their parent company, Jarvis Securities plc (LON:JIM) is listed on AIM.

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