{"id":1649686,"date":"2022-09-20T16:52:53","date_gmt":"2022-09-20T20:52:53","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1649686"},"modified":"2022-09-20T16:53:02","modified_gmt":"2022-09-20T20:53:02","slug":"here-comes-the-main-course","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/here-comes-the-main-course\/","title":{"rendered":"Here comes the main course"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">10<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhere-comes-the-main-course%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1649686&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>(Reuters) \u2013     A look at the day ahead in Asian markets from Lewis Krauskopf<\/p>\n<p>The Federal Reserve\u2019s highly anticipated policy decision arrives later on Wednesday, with markets bracing for another big  dose of tightening. The lead-up to the U.S. central bank event has been bumpy and could spell more volatility for Asian markets in the hours before the Fed\u2019s statement.<\/p>\n<p>Ahead of the rate decision, rates continued their ascent.  Yields on the benchmark U.S. 10-year Treasury note hit 3.6% on Tuesday, their highest since 2011. The 2-year Treasury yield, which tracks Fed rates closely, approached 4%, the highest since 2007.<\/p>\n<p>Equity markets are struggling to digest the persistent move up in rates. The S&#038;P 500 slid 1.1% and touched its lowest point in two months, as traders positioned ahead of the Fed. MSCI\u2019s gauge of stocks across the globe also sank to a two-month low.<\/p>\n<p>On Tuesday, Sweden provided the appetizer for the feast of central bank action to follow the rest of the week. The country\u2019s central bank caught markets off-guard in hiking interest rates by a larger-than-expected full percentage point. <\/p>\n<p>Will Sweden prelude a similar outcome in the U.S.? Markets are bracing for the Fed to raise rates by 75 basis points, but since inflation data came in hot last week, they have been pricing in a chance of a full percentage point hike. Such odds were around 16% late on Tuesday.<\/p>\n<p>Beyond Wednesday\u2019s rate move, what Fed Chair Jerome Powell has to say in a press conference following the decision will be critical for investors seeking to gauge the rate trajectory going forward. How Powell is thinking about the threat to the economy from higher rates is also top of mind.<\/p>\n<p>Central banks in England, Switzerland and Japan will have their say later in the week.<\/p>\n<p>Key developments that could provide more direction to markets on Wednesday: <\/p>\n<p>Federal Reserve policy statement\/press conference<\/p>\n<p>Bank of Japan meeting begins<\/p>\n<p>Korea 20-day exports<\/p>\n<p>Speech by Reserve Bank of Australia\u2019s deputy governor<\/p>\n<p> (Reporting by Lewis Krauskopf in New York; editing by Jonathan Oatis)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/here-comes-the-main\/federal-reserve-board-building-in-washington-4\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8J14R-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8J14R-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) \u2013 A look at the day ahead in Asian markets from Lewis Krauskopf The Federal Reserve\u2019s highly anticipated policy decision arrives later on Wednesday, with markets bracing for another<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1649686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1649686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1649686"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1649686\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1649686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1649686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1649686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}