“Futures in a Standstill Before Upcoming Fed Meeting”
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U.S. stock index futures were uncertain on Tuesday as investors awaited the Federal Reserve's meeting for insights on the economic impact of ongoing tariff disputes. The Fed's two-day rate-setting meeting would begin later in the day and end on Wednesday, with expectations of maintaining current interest rates. The updated economic projections would provide clarity on policy makers' views of the Trump administration's policies. Analysts anticipated a more pessimistic outlook due to the potential risks of tariffs and trade uncertainties. President Trump's tariffs had initiated trade tensions with major trading partners, resulting in retaliatory measures. U.S. equities were deemed oversold last week. As of 05:47 a.m. ET, S&P 500 E-minis were down slightly, while Nasdaq 100 E-minis and Dow E-minis saw minor declines. The S&P 500 had dropped over 10% since February, indicating a correction phase. The Dow was close to a correction, while the Nasdaq had confirmed correction on March 6. Gold prices surpassed $3,000 per ounce and reached record highs. U.S.-listed gold miners experienced gains in premarket trading. Some investors seized the opportunity to buy discounted U.S. equities, leading to positive momentum in the major indexes. Attention was also on updates regarding the Ukraine-Russia conflict as President Trump was expected to converse with President Putin.

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