US stock futures held steady as investors waited for the Federal Reserve’s next monetary policy decision. The market remained volatile throughout the week.
Futures linked to the Dow Jones Industrial Average (YM=F) and the S&P 500 (ES=F) stayed near the flatline. Meanwhile, Nasdaq Composite futures (NQ=F) edged up 0.1%.
Federal Reserve to Announce Rate Decision
The Federal Reserve will conclude its two-day meeting and announce its interest rate decision at 2 p.m. ET on Wednesday. The announcement comes amid concerns over US economic growth and inflation, especially as President Donald Trump’s trade war escalates.
Powell Signals Caution on Rate Cuts
Fed Chair Jerome Powell has emphasized a cautious approach to interest rates. The central bank is widely expected to keep rates unchanged. However, investors will closely watch the Fed’s quarterly forecast and Powell’s press conference for signals on future rate cuts.
Wall Street Reacts to Recent Sell-Offs
Stock markets have been volatile. Recent sell-offs pushed both the Nasdaq and S&P 500 into correction territory. On Tuesday, the market failed to recover, with tech stocks leading the decline.
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