The S&P 500 failed to mirror Monday’s miraculous intraday reversal, with volatile price action stopping short of positive territory.

U.S. stocks finish the day lower, with tech and growth plays leading the decline amid market caution ahead of the FOMC monetary policy announcement on Wednesday.

AUD/USD may continue to trade to fresh monthly lows as it snaps the opening range for January ahead of the Federal Reserve interest rate decision.

The January Fed meeting will almost certainly unleash even more volatility in financial markets.

Bitcoin (BTC) prices have recovered slightly after failing to breach $32,000. With the Fed rate decision on the horizon, key technical levels remain intact.

IMF reports global growth downgraded to 4.4% because of rising COVID-19 cases, supply chain distruptions and inflation affecting recovery.