Power Breakfast: Markets Cautious Before US Fed Policy, All Eyes On Powells Commentary, 0.75% Rate Hike Is Expected

The market has become cautious before the federal policy. The Dow Jones is down 80 points and the Nasdaq is down about 1%. Today the eyes of the market will be on the federal policy. It is believed that for the fourth time in a row, the interest rate will be increased by 75 basis points. What statement Fed chief Jerome Powell makes about the inflation and recession will be important.