"Stock futures rise as Fed keeps rates steady amid inflation concerns"

Stock futures rose as investors bet the Federal Reserve may be done raising rates for 2023. The benchmark 10-year Treasury yield fell after the Fed kept interest rates unchanged and upgraded its assessment of the US economy. Traders are also monitoring corporate earnings reports and economic data. European stock markets opened higher, while Hong Kong's retail sales grew at their slowest pace since January due to elevated interest rates. Australia's trade surplus narrowed, and South Korea's inflation rate accelerated for the third straight month. The Dow, S&P 500, and Nasdaq Composite are on track to finish the week with gains.