A cautious market as US Fed meets

INVESTORS are going to be cautious as they wait for the decision of the Federal Reserve on raising interest rates after the Federal Open Market Committee (FOMC) meeting on September 16 to 17.

“For the week, we expect continued cautious and sentiment-driven trading as uncertainty remains over the Fed’s decision in its September FOMC meeting. The PSEi is expected to trade between 6,810 and 7,080 with a downward bias,” BPI Asset Management noted in a weekly review.