The market is likely to remain volatile over the next three days.
First, there's the Federal Reserve's FOMC meeting. This is likely the last time Powell will present the dot plot, reflecting Fed officials' forecasts for interest rates.
A rate cut at this FOMC meeting is out of the question. The dot plot is unlikely to be positive, given the worrying CPI amid rising oil prices.
The dot plot will be released on March 18th (March 19th night Beijing time).
Second, there's NVIDIA's annual GTC technology conference. The conference has already begun, but US stocks haven't opened yet. Nasdaq 100 futures opened higher but then declined slightly.
As the conference progresses, some market expectations and sentiment regarding AI technology have already materialized, making it uncertain whether US stocks will turn bearish.
The conference will be held from March 16th to 19th (March 17th to 20th Beijing time).