Stocks Await Fed Decision as Futures Remain Steady

Stock futures were slightly lower as investors awaited the Federal Reserve's interest rate decision and economic update. The central bank is expected to hold rates steady, but market participants will closely watch for clues about future rate hikes. China left its benchmark loan rates unchanged, highlighting the central bank's struggle to balance economic growth and currency stability. Japan's trade deficit narrowed by two-thirds in August, but still exceeded expectations. South Korea's wholesale inflation rate rose for the first time in over a year. Traders will pay attention to the Fed's "dot plot" and Chair Powell's press conference for insights into future monetary policy. The stock market has been supported by strong earnings despite rising interest rates. Higher oil prices are seen as a near-term challenge for central banks but are not expected to lead to sustained inflation. Stock futures opened with little change.