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US Markets

Investors await the Federal Reserve's interest rate decision while Israeli airstrikes on Gaza and trade policy uncertainty weigh on sentiment.

A woman walks past a screen displaying the Hang Seng Index at Central district, in Hong Kong, China March 21, 2023. REUTERS/Tyrone Siu/File photo
U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File photo
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Overview

  • The S&P 500 remains in correction territory, falling over 10% from its February peak, with tech stocks leading recent declines.
  • The Federal Reserve has started its two-day policy meeting, with markets expecting interest rates to remain unchanged but closely watching for updated economic projections.
  • Israeli airstrikes on Gaza have killed over 400 people, disrupting a ceasefire and heightening geopolitical risks, which have driven gold prices to record highs above $3,000 per ounce.
  • European and Asian markets continue to outperform US stocks, supported by fiscal stimulus measures in Germany and China.
  • Uncertainty around President Trump's trade policies and tariffs is fueling market volatility, with concerns over their impact on economic growth and inflation risks.