Oil prices fell ahead of a Federal Reserve decision that is expected to clarify the central bank’s plans to unwind stimulus measures
U.S. stock futures paused and oil prices fell ahead of a highly-anticipated Federal Reserve policy decision that is expected to clarify the central bank’s plans to unwind stimulus measures.
Futures tied to the S&P 500 oscillated between small gains and losses, pointing to the broad-market index hovering after it closed down 0.8% Tuesday. It has retreated 1.7% this week. Nasdaq-100 futures and Dow Jones Industrial Average futures were also little changed. Investors are awaiting an update from the Fed at 2 p.m. ET, followed by a media conference, that will signal whether the central bank will“What’s really coming in context is that inflation is hotter for longer than expected and the Fed is acknowledging it,” said Esty Dwek, chief investment officer at FlowBank. “There’s also the view that new variants are not just a concern for growth, but a concern for inflation.
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