U.S. stock index futures were mostly flat on Wednesday ahead of a widely expected super-sized rate hike from the Federal Reserve, with investors looking for signs the central bank could temper its aggressive stance on future interest rate increases.
The Fed is expected to deliver a fourth straight 75 basis point hike at the end of its policy meeting on Wednesday, with the decision due at 2:00 p.m. ET . Focus will be on commentary from Fed Chair Jerome Powell after the decision.
Key labor data this week, including the ADP National Employment report due at 8:15 a.m. ET on Wednesday, will be analyzed for clues on whether the Fed's aggressive tightening has begun to cool the economy. The ADP report is expected to show private payrolls rose by 195,000 jobs in October, according to a Reuters poll of economists, after gains of 208,000 in September."The Fed has said they're going to be data dependent and that is not good because the inflation numbers are still high and unemployment is low," said Fall Ainina, director of research at James Investments.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. stock futures rise in cautious trade ahead of Fed policy announcementCentral bank expected to hike rates by 75 basis points, but what it says about policy going forward should determine the market's trajectory analysts say
Read more »
Fed Meeting Live Updates: Dow Futures WaverU.S. stock futures are wavering as investors await the Federal Reserve’s policy decision today. Follow the latest markets updates.
Read more »
S&P 500 Futures dribble near one-week low as yields fade post-Fed rallyThe risk profile remains blurred during early Thursday as traders lick their wounds after Fed-inspired volatility. Also amplifying the sluggish market
Read more »
U.S. futures struggle for traction after latest Fed-inspired shellackingCentral bank on Wednesday delivered a 75 basis point interest rate hike, but chairman Jay Powell dashed hopes he would soon pause increasing borrowing costs.
Read more »
Stock Market Today: Dow Futures Edge Down After FedStock futures are edging lower ahead of a busy day of economic data, earnings and a Bank of England interest-rate announcement.. Follow the latest markets updates.
Read more »