US stocks set a record, oil prices increased sharply before the Fed meeting.

This week, the market will undergo two important "tests" in the face of the results of the Fed meeting and the consumer price index (CPI) report, both released on Wednesday...

Both are expected to bring clearer signals about the path of interest rates in the near future, especially after the stronger-than-expected jobs report released by the US Department of Labor on Friday. previously dashed hopes that the Fed could soon reduce interest rates.

The US stock market rallied in the trading session on Monday (June 10), with the S&P 500 and Nasdaq both setting new closing records thanks to the rise of technology stocks ahead of the monetary policy meeting. of the Federal Reserve (Fed). Crude oil prices increased nearly 3% while investors waited for new information about interest rates and inflation.

This meeting, the Fed will release updated quarterly economic forecasts, including "dot-plot", forecasts of members of the Federal Open Market Committee (FOMC) on interest rates. “Dot-plot” data will provide new signals about the timing and frequency of interest rate cuts. According to data from CME's FedWatch Tool, the market is betting on the possibility that the Fed will only cut interest rates once this year in November.

“It seems like everyone wants the Fed to reduce interest rates, but the Fed does not have enough basis to do so. Therefore, the market is eagerly waiting until Wednesday morning, when CPI data is released, to have more guidance on interest rates," Mr. Jim Barnes - Director of Bryn Mawr Investment - commented to Reuters news agency.