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- Modest gains before U.S. opening. Investors looked ahead to Fed’s decision
Modest gains before U.S. opening. Investors looked ahead to Fed's decision
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Loading...U.S. stock index futures posted slight gains ahead of Wednesday's open as investors looked ahead to the Federal Reserve's latest monetary-policy decision.
The moves in U.S. futures came after Wall Street closed Tuesday's session lower, as investor sentiment was rattled by political news.
Tensions remain high in the ongoing U.S.-China trade row. During a speech to the United Nations General Assembly on Tuesday, President Donald Trump defended his administration's stance on trade in general, telling international leaders that the U.S. would no longer endure "such abuse," but act in its "national interest" when it feels like it's being duped.
Trump went on to criticize OPEC and OPEC nations, stating that the group was "ripping off" the rest of the world and taking advantage by delivering high oil prices.
Trade Representative Robert Lighthizer said Tuesday that the States was prepared to move forward with Mexico on a new NAFTA-style accord — with or without Canada's participation. Lighthizer's comments come ahead of a deadline for the U.S. and Canada to decide whether they want to secure a trade agreement to replace NAFTA.
The Federal Open Market Committee will begin the second and final day of its September monetary policy gathering Wednesday, with analysts expecting the Fed to announce a quarter-point rate hike when it concludes its meeting and delivers its announcements at 2 p.m. ET.
The event will be watched closely to see if the Federal Reserve provides any signals as to where monetary policy will be heading over the coming months.
Source: CNBC
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