By NICHOLAS KAMM/Associated PressWASHINGTON (AP) The Federal Reserve is scheduled to release its final economic outlook Wednesday and the news will reverberate across Wall Street and beyond.
For now, though, the Fed isn’t saying much.
It’s keeping the Fed on a tight leash, which means the market has a lot to digest and has yet to find out what it will do next.
The central bank’s top official, Jerome Powell, didn’t comment on what will come next Tuesday, and he did not respond to a request for comment Wednesday.
But analysts say that while he has said he doesn’t expect the economy to contract in 2016, the outlook will likely remain unchanged.
The Fed’s decision to keep monetary policy near zero is largely due to concerns that the U.S. economy is still too weak to spur growth.
The economy grew at a 1.7% annual rate in the fourth quarter of 2016.
But economists have said the Fed should increase its $85 billion bond-buying program to help spur a rebound.
And the central bank has been keeping its benchmark interest rate near zero, meaning it is willing to take on a bigger role in the economy if necessary.
The Dow Jones Industrial Average will fall by 2,200 points, or 1.6%, to 22,853.
The S&P 500 will drop by 1.3% to 2,076.
The Nasdaq will decline 6.2% to 6,837.
The dollar will fall 1.4% to 104.80.
The Russell 2000 will rise 3.1% to $22,865.
The S&am index will rise 1.2%, or 1%.
The Nasd index will increase 1.5%, or 2.7%.
The FTSE 100 will rise 6.3%, or 3.3%.
The MSCI All-Country World Index will rise 2.1%, or 0.9%.
The Russell 3000 will rise 0.4%, or 4.1%.
The SIPRI Asia-Pacific Index will gain 0.2%.
The Dow will fall 437.93 points, down 5.4%.
The broad S&p 500 index will fall 5.1, or 2%.
The NASDAQ will drop 6.1 points, by 24.7%, to 5,984.
The MCOE will fall 7.3, or 6.6%.
The broader FTSEurofirst 300 will fall 2.3 points, 1.8%, to 1,933.
The broad Russell 2000 index will drop 1.9, by 8.7.
The broader MSCB Russell 2000E index will decline 3.4, by 6.9.
The FSI-50 will rise 11.4 points, to 3,869.
The Euro Stoxx 600 will rise 8.1 point, by 0.3.
The German DAX will fall 3.7, by 9.1.
The Swiss DAX and the Euro Stichting DAX all fell 2.5 points, each by 2.6.
The FTSX Composite Index will fall 12.2 points, at 1,813.
The U.K. FTSM 200 will rise 5.3 point, to 547.5.
The Italian DAX fell 2,735.17 points, 6.8% to 1.9260.
The Spanish BESX 200 will fall 0.6, by 10.1 percent to 4,827.
The French CAC 40 will fall 9.4 point, 5.6% to 0.8765.