US Futures Edge Higher in Watchful Tone Before Fed: Markets Wrap

Published On Sep 18, 2024, 3:16 AM

US equity futures have risen slightly as investors are cautious ahead of the Federal Reserve's interest rate decision. There is uncertainty whether the Fed will cut rates by 25 or 50 basis points, with market predictions leaning towards a higher probability of a 50 basis point cut. Economic data and projections released after the meeting may influence future monetary policy direction. Various global markets have remained stable or slightly higher in anticipation of this decision, and there have been movements in currencies and commodities as well.