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U.S. stock index futures pointed slightly higher on Wednesday as investors awaited a highly anticipated decision by the Federal Reserve, which is expected to result in the first interest rate cut since March 2020. By 06:22 ET (10:22 GMT), S&P 500 futures were up by 8 points (0.1%), Nasdaq 100 futures had risen by 33 points (0.2%), and Dow Jones futures had added 65 points (0.2%).<\/p>\n\n\n\n
The market is pricing in a higher likelihood of a 50-basis-point rate cut<\/strong>, with the FedWatch Tool from the CME Group showing a 65% chance of this outcome, compared to a 35% chance for a smaller 25-bps reduction<\/strong>. The decision remains a “close call,” especially after U.S. retail sales unexpectedly rose in August, reflecting the resilience of the economy and consumer spending.<\/p>\n\n\n\n The upcoming Fed rate decision will set the tone for how the central bank might manage future rate cuts, with markets expecting at least 100 basis points of reductions<\/strong> by the end of 2024.<\/p>\n\n\n\n On Tuesday, the S&P 500 and Dow Jones Industrial Average were relatively unchanged following a volatile session, while the Nasdaq Composite gained 36 points (0.2%)<\/strong>. The positive retail sales report helped the indexes reach record highs earlier in the day.<\/p>\n\n\n\n Investors are watching how today’s Fed decision could influence stock performance, especially as markets navigate mixed signals on inflation, labor demand, and overall economic strength.<\/p>\n","protected":false},"excerpt":{"rendered":" U.S. stock index futures pointed slightly higher on Wednesday as investors awaited a highly anticipated decision by the Federal Reserve, which is expected to result in the first interest rate cut since March 2020. By 06:22 ET (10:22 GMT), S&P 500 futures were up by 8 points (0.1%), Nasdaq 100 futures had risen by 33 …<\/p>\n","protected":false},"author":9,"featured_media":103910,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,39,36],"tags":[6902,6885,6901,9822,6862],"class_list":["post-106079","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-global-stock-markets","category-market-updates","tag-dow-jones","tag-fed","tag-nasdaq","tag-retail-sales-data","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=106079"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106079\/revisions"}],"predecessor-version":[{"id":106080,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106079\/revisions\/106080"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/103910"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=106079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=106079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=106079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Recent Market Performance<\/strong><\/h3>\n\n\n\n
Corporate Movements<\/strong><\/h3>\n\n\n\n