Investors will be looking ahead to the latest minutes from the Federal Reserve.
The Fed announced at its last meeting in July a cut in interest rates, while signalling that it was only a "midcycle adjustment" and the central bank was not returning to the stimulus era.On the data front, there will be existing home sales numbers due at 10:00 a.m. ET.At around 01:40 a.m. ET, Dow futures rose 63 points, indicating a positive open of more than 35 points. Futures on the S&P and Nasdaq were also higher.
Wall Street closed lower for the first time in four sessions on Tuesday. The recent relief in stocks comes as bond yields paused their recent decline, temporarily easing potential recession fears., due Wednesday for any clues on the course of monetary policy. The Fed announced at its last meeting in July a cut in interest rates, while signalling that it was only a "midcycle adjustment" and the central bank was not returning to the stimulus era.
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