US futures are indicating a higher open. European equity markets have opened weaker but have rallied from their bottoms, following broad weakness in Asia. The early attention is on the Fed meeting after it raised rates by 75-bps as expected. Powell’s comments firmly reinforced the commitment to curbing inflation while acknowledging economic tolls in the process, and admitted that a soft landing scenario looks less certain.
Companies mentioned: Digital Realty, Digital Core REIT, Credit Suisse (SIX:CSGN)