U.S. stock index futures were mixed on Wednesday morning, as market participants waited for the Federal Reserve's decision on interest rates.
At around 05:00 a.m. ET, Dow futures slipped 17 points, indicating a positive open of more than 9 points. Futures on the S&P — which briefly touched an all-time high in the previous session — and the Nasdaq were both marginally lower.
The moves in pre-market trade come ahead of an expected quarter-point rate cut by the U.S. central bank. It would mark the third time this year the Fed has lowered borrowing costs.
Looking ahead, market expectations for another interest rate cut in December are at 23%, according to CME Group’s FedWatch tool, compared with almost 70% earlier this month.
Source : CNBC