US stock futures point to flat open ahead of the Fed rate decision

U.S. stock index futures were little changed Wednesday morning as investors waited to hear the Federal Reserve’s latest decision on monetary policy.

Around 7:15 a.m. ET, Dow Jones Industrial Average futures pointed to a marginal gain at the open. S&P 500 and Nasdaq 100 futures also indicated slight increases to start off the session.


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The Fed is largely expected to keep rates unchanged. But Fed Chairman Jerome Powell is also expected to signal the central bank will take appropriate measures to keep liquidity high  and overnight lending rates steady to end the year. In its October meeting, the Fed decided to cut short-term lending rates to a range of 1.50% to 1.75%.

Treasury yield dipped slightly, with the 10-year rate trading at 1.824%. The 2-year yield slipped to 1.642%.

Wall Street also kept an eye on the trade front as there continues to be no clear indication that the U.S. and China will reach an agreement over trade that could stop or reduce the current level of tariffs. The U.S. is due to impose fresh duties on Chinese goods by Sunday.


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The Wall Street Journal reported Tuesday that the U.S. plans to delay these additional tariffs on Beijing as both sides try to work out an agreement. However, also on Tuesday, White House economic advisor Larry Kudlow said the Dec. 15 deadline is still “on the table.”

On the data front, inflation numbers are due out at 8:30 a.m. ET and Federal budget figures are expected at 2 p.m.

Source: cnbc.com | Original Link

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