S&P 500 Slightly Down as Investors Await Federal Reserve Rate Decision with Silver Hitting $60/Oz
The S&P 500 ended slightly lower amid investor anticipation of a potentially hawkish Federal Reserve rate decision despite expected rate cuts. JPMorgan faced declines due to warnings of high expenses in 2026. Precious metals surged, with silver reaching a record $60 per ounce. Market caution prevailed ahead of the Fed announcement, with mixed stock performances and increased interest in safe-haven assets. The event reflects market uncertainty and positioning ahead of the Federal Reserve's policy decision.