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Stock Investors Trade Cautiously Ahead of Fed’s Rate Decision


Reeling from a series of bank collapses that prompted intervention from authorities around the world and generated violent swings in financial markets, investors, analysts and economists are sure of nothing ahead of the Federal Reserve’s decision on interest rates on Wednesday.The S&P 500 index was flat in morning trading. Stocks in Europe and Asia mostly posted small gains.The muted moves reflected widespread uncertainty about the outcome of the Fed’s meeting, with expectations upended by the crisis in the banking sector.“We still don’t know what is going to happen,” said Max Gokhman, an investment strategist at Franklin Templeton Investment Solutions. “It presents a risk that there will be a much bigger move in markets after the announcement.”That uncertainty has been reflected in whipsaw trading over the past two weeks.Just days before authorities took control of Silicon Valley Bank on March 10, Jerome H. Powell, the chair of the Federal …

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