US futures are pointing to a lower open as of 04:05 ET. European equity markets have opened in the negative territory, following mostly firmer Asian markets. Fed to leave rates unchanged today. Updated dot plot to get most attention amid risk 2024 median shifts down to two rate cuts from three. Markets pricing in 70bps of easing in 2024 and less than 50% chance of June cut. Powell expected to repeat Fed is gaining confidence on inflation, but not there yet. BOJ rate hikes on the table in 2024, with real rates still deeply negative and yen depreciating.
Companies Mentioned: Intel (NASDAQ:INTC), Boeing (NYSE:BA), Spirit AeroSystems, Airbus