S&P 500 futures rose on Monday as investors on Wall Street anticipate insights on monetary policy from the Federal Reserve in the upcoming week.
Futures linked to the S&P 500 saw a 0.3% increase. Dow Jones Industrial Average futures remained stable, while Nasdaq-100 futures showed a gain of 0.6%.
The Federal Reserve is scheduled to commence its two-day policy meeting on Tuesday, with an announcement expected on Wednesday.
Based on the CME FedWatch Tool, Fed funds futures are indicating a 99% probability that the Fed will maintain the benchmark interest rates unchanged this week. However, the prospects for a rate cut in June have slightly diminished to around 55% in recent days.
Source (CNBC)
