Stock futures are little changed ahead of the Federal Reserve’s interest rate decision expected Wednesday.
Futures tied to the Dow Jones Industrial Average fell 7 points, or 0.01%. S&P futures and Nasdaq 100 futures hovered around the flatline.
Stocks have been teetering between slight gains and losses in recent sessions as investors await this week’s key Fed meeting, which is the final one of the year. The Fed is widely expected to deliver its third straight interest rate cut of a quarter percentage point, with fed funds futures suggesting a roughly 87% chance of a decrease, according to CME’s FedWatch tool.
Sentiment among members of the rate-setting Federal Open Market Committee remains divided, however, as some favor cuts to stave off further labor market weakness and others believe another cut could worsen inflation. Investors are looking to gauge members’ sentiment from the post-meeting statement and Chair Jerome Powell’s highly anticipated news conference Wednesday afternoon.
The previous session saw lackluster moves in the broader market. The S&P 500
