Investors anticipate Fed decision as futures nudge upwards
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U.S. stock index futures showed some gains on Wednesday as investors awaited the Federal Reserve's expected monetary policy decision. The consensus is that the central bank will maintain its key overnight interest rate within the 4.25%-4.50% range, set to be announced at 2 p.m. ET (1800 GMT). Market analysts anticipate approximately 60 basis points of easing from the Fed this year, with a possible rate cut as early as July. The focus will be on the Fed's economic projections, where policymakers will provide insight into their views on the impact of President Donald Trump's trade and immigration policies on economic factors like growth, inflation, and unemployment. Fed Chair Jerome Powell is also scheduled to address the public later in the day. The recent decline in U.S. stocks is attributed to concerns over the economy slowing down and uncertainties related to trade policies. As of 06:02 a.m. ET, U.S. S&P 500 E-minis were up by 0.29%, Nasdaq 100 E-minis by 0.38%, and Dow E-minis by 0.16%. Safe-haven assets like gold have seen an increase in demand, with prices reaching new highs. Prominent growth stocks, including Nvidia, Tesla, Amazon.com, and Microsoft, saw positive movements in premarket trading.

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