Stock market today: US futures in holding pattern in wait for Fed decision

Published On Sep 18, 2024, 6:32 AM

U.S. stock futures are holding steady as investors await the Federal Reserve's decision on interest rates, anticipated to be the first cut since 2020. The market is guessing whether the Fed will implement a 0.25% or a more aggressive 0.5% cut, with growing expectations for a larger cut due to recent signals of manageable inflation. The Fed's updated interest rate projections will also be closely watched. Key developments include a collaboration between Microsoft and BlackRock to raise $30 billion for AI infrastructure, and Google winning a legal case against a significant EU fine.