Renta 4 Banco, S.A. (4RE.F)

Stock markets in the red: Here's why the Fed could cool the market today

European markets are in the red, with the Ibex 35, CAC 40, and DAX awaiting the macroeconomic event of the day: the interest rate decision of the US Federal Reserve (Fed) at 14:00 ET (19:00 GMT). The consensus expects a 50 basis point hike, to a range of 4.25%-4.5%, after accumulating +375 bps of hikes since last March (four hikes of +75 bps each). The market's attention is also focused on the press conference with Chairman Jerome Powell, scheduled for 14:30 ET.