U.S. stock futures were little changed early Wednesday, with traders in no mood to be brave ahead of the Federal Reserve's rate decision and comments.
U.S. stock futures were little changed early Wednesday, with traders in no mood to be brave ahead of the Federal Reserve’s rate decision and comments.
What’s driving markets Markets were subdued early Wednesday — with equity-index futures, benchmark Treasury yields and the dollar index, all little changed — as traders hunkered down ahead of the Federal Reserve’s policy decision, due at 2 p.m. Eastern. Investors are certain the Federal Open Market Committee will keep interest rates on hold at a range of 5.25% to 5.50%, but the market is much less sure about what happens after that.
Consequently, it will be the Fed’s accompanying dot plot, due at 2 p.m., and Chair Jerome Powell’s press conference, due to start at 2:30 p.m., that will contain potential market moving news.
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