FRANKFURT (dpa-AFX) – The Dax did not budge on Wednesday ahead of the eagerly awaited interest rate decision by the US Federal Reserve. In the end, the leading German index closed 0.08 percent lower at 18,711.49 points. This puts it within striking distance of its record high at the beginning of the month just below 19,000 points. It is a foregone conclusion among investors that the Fed will herald a turnaround in interest rates in the evening. However, the extent of the rate cut remains open. Before this landmark decision for the stock markets, investors were no longer taking any risks. The MDax of mid-caps rose by 0.03 percent to 25,790.13 points.
The “Fed Watch Tool” of the options exchange CME recently indicated a probability of 55 percent that the Fed will initiate its monetary policy turnaround with a major interest rate cut of 0.5 percentage points. “The fact that the Fed has chosen a larger move six times on the…
