US Stocks Steady Ahead of Fed Rate Decision; JPMorgan Falls

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News18•10-12-2025, 07:15
US Stocks Steady Ahead of Fed Rate Decision; JPMorgan Falls
- •US stocks largely held steady as Wall Street awaited the Federal Reserve's meeting on interest rates.
- •JPMorgan Chase shares fell 4.7% after a top executive projected a rise in expenses for next year.
- •Toll Brothers dropped 2.4% following weaker-than-expected quarterly results and soft housing demand.
- •The market anticipates a Fed interest rate cut, but the future trajectory of rates remains uncertain due to inflation and job market data.
- •Treasury yields climbed after a report showed an increase in US job openings, potentially influencing the Fed's future rate decisions.
Why It Matters: Federal Reserve's rate decision will shape market direction and economic outlook.
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