Risk Appetite Returns: What It Means for the Market

Heathrow Airport is shut down all day after a fire broke out in a power substation overnight. This is the main domestic headline, and looking at the poor state of the stock markets, there is little "Friday cheer."

Asian and US stocks rose overnight, with the Fed signaling room to cut interest rates later this year. Trump is pushing for a sooner cut, posting on his Truth Social: "The Fed would be MUCH better off CUTTING RATES as U.S. tariffs start to weave (gently!) into the economy. Do the right thing. April 2nd is Liberation Day in America!!!"

Stocks have been steady overnight. Today is all about the Fed. They are expected to hold interest rates steady, and the quarterly dot plot should give investors more insight into the committee's thoughts. Investors will focus on Fed Chair Jerome Powell’s press conference and his juggling act between communicating the central bank’s current view of the economy and weighing the potential impact of Trump’s trade policy.