Investors await the Federal Reserve's latest move on interest rates, as well as Chair Jerome Powell's commentary.
S&P 500 futures traded near flat on Tuesday night as investors looked ahead to the Federal Reserve's policy decision and subsequent press conference slated for Wednesday afternoon.
S&P 500 futures were little changed. Nasdaq-100 futures added 0.1%, while futures tied to the Dow Jones Industrial Average lost 82 points, or 0.2%. Aside from the Fed's policy announcement, investors are preparing for Chair Jerome Powell's remarks to the media, where he may give insight into the state of the economy and the central bank's path forward. Markets are expecting a 93% chance that the central bank will keep rates at the current target of 5% to 5.25%, according to. This would be a reprieve from rate hikes following a streak of 10 straight increases.
The producer price index, an indicator of the path of inflation, is due on Wednesday morning. On Tuesday, May's reading of the consumer price index, which showed the
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