Benzinga Market Summary: Fed To Announce Rate Decision At 2 p.m. ET, August Building Permits And Housing Starts Beat Estimates
Portfolio Pulse from Benzinga Newsdesk
The Federal Reserve is set to announce its rate decision at 2 p.m. ET. August building permits and housing starts have exceeded estimates, indicating a stronger housing market.
September 18, 2024 | 2:50 pm
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The SPDR S&P 500 ETF (SPY) may experience volatility as investors react to the Federal Reserve's upcoming rate decision and the positive housing data.
The SPY ETF, which tracks the S&P 500, is likely to be influenced by macroeconomic factors such as the Fed's rate decision and housing market data. While the strong housing data is positive, the rate decision could introduce uncertainty, leading to potential volatility.
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