S&P500 INTRADAY awaits Fed’s decision and press conference

The US Federal Reserve will announce its interest rate decision and release the monetary policy statement on Wednesday at 18:00 GMT, followed by a press conference from Chairman Jerome Powell at 18:30 GMT.
Recent weak economic data from the US, along with new tariffs announced by President Donald Trump, have raised concerns about a possible recession. Despite this, the Fed is expected to keep interest rates unchanged for the second meeting in a row.

The updated Summary of Economic Projections (SEP) could provide important insights into the Fed’s future plans. However, the stock market remains wary that the Fed might not take a dovish enough stance. Inflation remains high, and tariffs could push prices even higher, making the central bank cautious about easing policy.

Key Support and Resistance Levels

Resistance Level 1: 5714

Resistance Level 2: 5770

Resistance Level 3: 5872-5920

Support Level 1: 5500

Support Level 2: 5387

Support Level 3: 5254

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