IBEX 35 takes a break with all eyes on Fed meeting

The IBEX 35 index closed the session down 0.16%, at 8,864 points

The market is now awaiting the Federal Reserve's meeting on Wednesday, where it is expected to raise interest rates by 25 basis points

The IBEX 35 index closed the session down 0.16%, at 8,864 points. The index has been trading in a narrow range for the past few weeks, as investors await the Federal Reserve's meeting on Wednesday. The Fed is expected to raise interest rates by 25 basis points, which would be the first rate hike since 2018.

The market is now awaiting the Fed's meeting on Wednesday, where it is expected to raise interest rates by 25 basis points. The Fed has been telegraphing this move for months, and it is widely expected by the market. A rate hike would be a sign that the Fed is confident in the economy and that it believes that inflation is under control.

The market's reaction to the Fed's decision will depend on the tone of the Fed's statement. If the Fed is hawkish and signals that it is willing to raise rates more aggressively in the future, the market could sell off. However, if the Fed is dovish and signals that it is willing to be patient with inflation, the market could rally.

In addition to the Fed's meeting, investors will also be watching the release of economic data this week. The most important data release will be the January non-farm payrolls report, which will be released on Friday. This report is a key indicator of the health of the labor market, and a strong report could boost the market.