Stock Futures Lower as Cautious Investors Brace for Fed’s Latest Rate Hike Decision
The markets’ solid performance in January suggests traders are looking for signs that the Fed may pause rate hikes or even announce a pivot.
U.S. stock futures are edging lower early Wednesday as investors braced for the Federal Reserve’s interest rate announcement and monetary policy statement later in the session.
Traders are expecting the Federal Reserve to hike its benchmark interest rate by 25 basis points in its latest effort to tame high inflation. However, investors will also be looking to the central bank for guidance on rate policy and its expectations for broader economic developments.
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