Dow stages his hopes for recovery

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The Fed will publish the minutes of its July meeting at 2 pm AND on Wednesday. At the July meeting, the Fed cut interest rates for the first time since 2008.

Since the rate cut, Fed policymakers have made few public statements. This makes the minutes more important than usual for the market. Investors will look for details on the economy and the risks it faces to gauge the Fed's upcoming moves.

President Donald Trump once again whipped against Fed President Jerome Powell early Wednesday. "The only problem we have, is Jay Powell and the Fed," he said on Twitter, adding that there would be "significant growth in the US when he did the right thing ".

According to the FedWatch CME tool, the expectations for a further quarter percentage point cut in September are 98%.

"The sentiment seems to be improving as to the hope of monetary easing signals from the Fed and other global central banks in the days to come," Priscilla Thiagamoorthy wrote. , an economic analyst at BMO, in a note to investors.

This change in sentiment helps boost riskier assets like equities and drives the 10-year Treasury yield up. The last yield was 1.5893%.

To add to monetary policy hopes, Trump said Tuesday that his government is considering further tax cuts.

Gold, also a safe haven, is down, with prices down 1.5% to $ 1,500. Oil prices rose more than 1.5% to 57.01 dollars a barrel.

The US dollar, measured by the ICE US Dollar Index, has changed little, remaining in wait-and-see mode before the release of the afternoon.

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