S&P500
The US Federal Reserve announced on its website that it would hold an emergency meeting today.
Notably, neither the Wall Street Journal nor Bloomberg publish information about it.
Generally speaking, this could lead to a rate hike even today.
This is a bad signal for the markets. The last time the Fed held an emergency meeting, lowering rates back in early 2009, at the height of the crisis.
In January, inflation rose to +7.5% year-on-year. However, the increase did not start in January. Inflation jumped to +4.5% almost a year ago in April 2021 and has not fallen since then. The Fed has not done anything with the rate. It only started to wind down its infusion programmes and accelerated the process in November.
We'll be watching for a while. The US market could fall sharply today, to -2% on the indices.