Investors were likely focused on guidance from the Fed as th...

Investors were likely focused on guidance from the Fed as they navigate evolving market conditions and anticipate potential shifts in monetary policy, said Stephen Innes, managing partner at SPI Asset Management.
While the US central bank is not expected to cut rates in March, the primary market-moving focal point is likely whether such early rate-cut discussions are being entertained, he noted.
“Indeed, it’s poised to be a blockbuster day as Fed chair Jerome Powell has the potential to endorse or push back current bullish market dynamics and ebullient investor sentiment,” Innes said.