"Wall Street Holds Steady as Investors Await Fed Meeting: Live Updates"

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Source: CNBC
"Wall Street Holds Steady as Investors Await Fed Meeting: Live Updates"
Photo: CNBC
TL;DR Summary

U.S. stock futures showed little change as investors awaited the Federal Reserve's upcoming policy decision. Futures tied to the Dow Jones Industrial Average and the S&P 500 rose 0.1%, while Nasdaq 100 futures ticked up 0.04%. Traders are anticipating that the Fed will maintain interest rates, but will closely watch for any indications on the central bank's stance on inflation. Recent inflation data has been in line with expectations, but there are concerns that higher prices may be ahead due to a strong labor market and the United Auto Workers strike potentially leading to higher wages. Policymakers will also be monitoring economic data releases, including the Housing Market Index and the New York Fed's Business Leaders Survey results.

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