The Fed recently made a big dump on tech stocks. Will Powell's remarks help the market?

Tech stocks are dumping again, and investors are choosing to wait and see before the Fed meeting. Nvidia’s annual GTC conference is taking place, and its stock price is still down 3.4%. The Fed will announce the Interest Rate decision at 2 am on 3/20 Taiwan time, and Chairman Powell will also hold a press conference after the meeting, where investors will seek clues about future trends.

Nvidia GTC conference debut, tech stocks still under pressure

The Federal Reserve will announce the Intrerest Rate decision. On the day before the decision, the U.S. stock market saw a decline, with large-cap stocks falling to their lowest level since September last year.

Nvidia’s annual GTC conference has arrived, despite CEO Huang Renxun repeatedly emphasizing Blackwell’s comprehensive production and the ‘incredible’ demand, its stock price still fell by 3.4%.

‘Fed selling options’ is gaining momentum, will the Fed intervene to rescue the market?

After a rapid decline in the stock market, discussions about ‘Fed dumping’ are increasing. However, Anna Wong of Bloomberg Economics commented that anyone expecting some guarantees at the March meeting will be disappointed.

Lauren Goodwin of New York Life Investment Management said, “Persistently rising inflation and expectations of higher inflation have raised the threshold for the Fed to cut interest rates. In such a strong inflation data, the Fed may need to see further deterioration in financial conditions and economic growth prospects before taking preemptive rate cuts.”

Taking the preventive rate cut in 2018 as a reference, stock market valuations need to drop at least 20% to prompt the Fed to take action.

The Fed is expected to maintain the Intrerest Rate in this meeting, but investors will seek signs of Trump’s policy changes in the economic forecast data and Chairman Powell’s remarks at the post-meeting press conference to find clues to future trends.

The Federal Reserve will announce the Interest Rate decision at 2:00 am Taiwan time on 3/20( and Chairman Powell will also hold a press conference after the meeting.

The article appeared first on Chain News ABMedia, the day before the Fed’s decision on the technology stocks plummeted, Will Powell’s remarks save the market?