Stock Index Futures Lower As FOMC Announces Rates Unchanged To Start 2024

NinjaTrader
2 min readFeb 5, 2024

The first FOMC meeting of 2024 has concluded, with the FOMC surprising nobody by keeping the rates unchanged. The messaging around the decision impacted markets, sending stock index futures lower with the initial statement, and Fed Chair Jerome Powell’s press conference moving the markets in both directions 30 minutes later.

But what in the messaging impacted the markets so wildly? Former CME Group Senior Economist Blu Putnam joined us on this week’s episode of “See the Futures” to explore why Powell is cautious about cutting rates sooner than later. Hint: Data dependency takes center stage, and Blu shares which data sets he believes the Fed is watching closely to form their opinions.

Additional topics discussed in this free livestream:

  • The relationship of interest rate differentials and foreign exchange rates
  • How the introduction of U.S. Treasury futures changed how interest rate risk affects the economy
  • Why inflation is approaching the Fed’s target rate of 2%
  • Why seasonally adjusted data is important in the new year
  • Chart analysis of PCE core inflation, plus PCE core inflation vs. fed funds rate, U.S. unemployment rate, U.S. labor force participation rate and more

Ready For More?

Learn the basics of technical analysis with our free multi-video trading course, “Technical Analysis Made Easy.”

Join our daily livestream events as we prepare, analyze and trade the futures markets in real time.

Start Trading Futures With NinjaTrader

NinjaTrader supports more than 800,000 futures traders worldwide with our award-winning trading platforms, world-class support, and futures brokerage services with $50 day trading margins. The NinjaTrader desktop platform is always free to use for advanced charting, strategy backtesting, technical analysis, and trade simulation.

Get to know our:

  • Futures brokerage: Open an account size of your choice — no deposit minimum required — and get free access to our desktop, web and mobile trading platforms.
  • Free trading simulator: Sharpen your futures trading skills and test your ideas risk-free in our simulated trading environment with 14 days of livestreaming futures market data.

Better Futures Start Now

Open your free account to access NinjaTrader’s award-winning trading platforms, plus premium training and exclusive daily market commentary.

This article was originally published on NinjaTrader.com: https://ninjatrader.com/futures/blogs/stock-index-futures-lower-as-fomc-announces-rates-unchanged-to-start-2024/

--

--

NinjaTrader

NinjaTrader is an industry-leading trading platform and futures broker supporting over 1 million users globally. Risk Disclosure: http://ninjatrader.com/Risk