{"id":40231,"date":"2023-11-01T08:55:02","date_gmt":"2023-11-01T08:55:02","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/11\/01\/dax-holds-steady-ahead-of-fed-decision-2\/"},"modified":"2023-11-01T08:55:02","modified_gmt":"2023-11-01T08:55:02","slug":"dax-holds-steady-ahead-of-fed-decision-2","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/11\/01\/dax-holds-steady-ahead-of-fed-decision-2\/","title":{"rendered":"DAX Holds Steady Ahead Of Fed Decision"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks were little changed on Wednesday ahead of the Federal Reserve&#8217;s rate decision later in the day. <\/p>\n<p>While no change in interest rates is expected, investors await the accompanying policy statement and Chair Jerome Powell&#8217;s press conference for fresh insight on the likely path ahead.<\/p>\n<p>A pause in interest rates at today&#8217;s meeting would mark the second consecutive pause in interest rates since the Fed lifted rates to a range of 5.25 percent to 5 percent in July.<\/p>\n<p>The benchmark DAX was marginally higher at 14,822 after gaining 0.6 percent in the previous session.<\/p>\n<p>Banks traded higher, with Commerzbank rallying 1.3 percent and Deutsche Bank adding half a percent. <\/p>\n<p>Automakers BMW and Mercedes Benz both traded up around 1 percent. <\/p>\n<\/p>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>DAX Holds Steady Ahead Of Fed Decision<\/a><br \/>\n<br \/>2023-11-01 08:55:02<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks were little changed on Wednesday ahead of the Federal Reserve&#8217;s rate decision later in the day. While no change in interest rates is expected, investors await the accompanying&#8230;<\/p>\n","protected":false},"author":2,"featured_media":40232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-40231","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/40231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=40231"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/40231\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/40232"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=40231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=40231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=40231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}