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The E-mini Dow Rises Over 33357 and Falls Below 33198

Cameron Murphy

May 05, 2022 10:31


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The June E-mini Dow Jones Industrial Average futures are trending upward just ahead of the US Federal Reserve's monetary policy and interest rate announcements on Wednesday. 


A surge in US Treasury rates, as well as a widely predicted interest-rate hike by the Fed, which might be the largest since 2000, are helping to limit gains.


June E-mini Dow Jones Industrial Average futures are trading at 33161, up 128 points or 0.39 percent, at 17:09 GMT. The SPDR Dow Jones Industrial Average ETF (DIA) is now trading at $332.33, up $1.08 or 0.33 percent from its previous close.

On-Demand Federal Reserve

At 18:00 GMT, the Federal Reserve will deliver its policy statement. Fed members have telegraphed a two-pronged decision that would raise the Fed's short-term target policy rate to a range of 0.75 percent to 1 percent while also kicking off a strategy to reduce the $9 trillion balance sheet.