Focus will be on the Fed's policy statement, updated economic projections and Chair Jerome Powell's press conference. Wall Street rallied to all-time highs ...
- U.S. stock index futures ticked lower on Wednesday as investors awaited the conclusion of the Federal Reserve's meeting where the central bank is expected to keep borrowing costs unchanged and provide cues on its monetary policy trajectory.
Traders pulled back bets for a June rate cut to 64% from 71% at the start of last week, according to CME FedWatch data."Given the recent uptick in inflation, strong economic growth, healthy jobs market and robust earnings, we could see some Fed members plot fewer rate cuts for the year ... could tilt the median forecast to two rate cuts this year from three plotted in December," said Ipek Ozkardeskaya, a senior market analyst at Swissquote Bank.
Nvidia, the chipmaker at the center of Wall Street's AI euphoria, dipped 0.5% after closing higher in the previous session on revealing pricing and shipment plans for its hotly anticipated Blackwell B200 chip.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Markets today: U.S. futures get an AI tech boost with Fed in focusU.S. equity futures rose as a fresh bout of optimism over artificial intelligence spurred tech stocks and investors awaited key policy decisions from the U.S. Federal Reserve and Japan.
Read more »
S&P 500, Nasdaq futures tick up ahead of U.S. Fed meetingStronger-than-expected inflation figures last week have prompted investors to rethink when and by how much policymakers will lower rates this year
Read more »
S&P 500, Nasdaq futures tick up ahead of Fed meeting, AI conferenceA hawkish tilt by the Fed in its policy meeting that concludes on Wednesday could further pressure the high-flying shares. 'While the recent pullback in...
Read more »
Premarket: Futures tread water ahead of U.S. Fed meetingWall Street closed higher on Monday, with the Nasdaq bouncing back from two small weekly losses. All eyes are on U.S. central bankers who are expected to hold rates steady at the end of their two-day meeting on Wednesday
Read more »
Oil Edges Lower With Focus on Crude Stockpiles and Fed DecisionOil held the bulk of a two-day gain as an industry group flagged a fall in US crude stockpiles, and traders counted down to an interest-rate decision by the Federal Reserve.
Read more »
Stock market today: US futures retreat in countdown to Fed meetingInvestors are waiting with baited breath for the Fed's big decision.
Read more »