It promises to be a chaotic day in financial markets and they're currently positioned cautiously in anticipation of what's to come.
There's no doubt that investors have one eye on the Fed decision later in the day, as they have all week. It's not just about the rate hike itself, which will almost certainly be 25 basis points according to markets, but the signal the central bank sends about what lies ahead given the progress made in the economic data in recent months.
There is growing evidence th
01-02-2023 10:43 GMT
by Craig Erlam