Market Update: EXC

Summary

With the Fed’s rate decision due out this afternoon, markets are mostly holding. While chances of a rate cut out of this meeting are virtually non-existent, all eyes will be on the “dot plot” of rate expectations from FOMC members (which is updated quarterly). The last update in December anticipated three rate cuts this year. Recently, inflation has been a little hotter than expected, and that may impact rate projections from the committee. Crude oil traded above $81 per barrel, while gold traded near $2160 per ounce.