The Ibex conquers 8,600 points and corrects past falls

The aversion to risk in the markets is present and the Fed meeting, as well as the geopolitical tensions in Ukraine are fundamentally responsible.

Today we will know the verdict of the US Federal Reserve and all eyes are on the press conference of its president, Jerome Powell, who will have to pronounce on what the central bank of the power has decided in its first meeting of 2022.

Yesterday, Bank of America experts told the press that they expected nine rate hikes by the Fed, which would be quarterly and would start in March, mainly by observing the high inflation data in the country.

Any audio bodies know how to edit the metadata for a WAV file? File Explorer will not let me. Groove on Windows won't… https://t.co/Jgo7PD45CY

— Bazarito Tue Jan 19 17:14:16 +0000 2021

Analysts generally believe that if Powell is forceful and opens the door for multiple rate hikes, stocks will shake and not respond well. However, if the president of the Fed is cautious and talks about a gradual rise in official rates, better results are predicted in the world's stock markets.

Of course, the market consensus does not expect any far-reaching decision at this meeting, since what is being discounted is a first rate hike for the month of March and, perhaps, an acceleration in the stimulus withdrawal plan, which It started in the month of November.

“With inflation still well above target and the unemployment rate now below estimates for a long-term high, we expect the Fed to use this meeting to reiterate recent guidance: Reps now expect a liftoff in March, three or four rate hikes this year and an earlier and faster start to QT which we expect to start in June or September,” says Tiffany Wilding, US Economist at PIMCO.