As investors anticipate the Federal Reserve’s next policy decision, U.S. stock futures eked out a small gain on Sunday night.
32 points, or 0.1%, were added by futures linked to the Dow Jones Industrial Average. The Nasdaq 100 and S&P 500 futures both increased by 0.1%.
Both the Nasdaq and the broad market index finished the previous trading week in the red, marking their second consecutive week of losses. By week’s end, the Dow managed to increase by 0.1%.
Investors often assume that the Fed will maintain stable interest rates. But traders will be watching closely to gain a better idea of the central bank’s position on inflation moving forward.
Whether the Fed presents the pause with a dovish or hawkish slant is what matters most for financial markets, according to Quincy Krosby, chief global strategist for LPL Financial. “How the Fed communicates the pause is key for November and December rate expectations,” he added.
Source (CNBC)
