U.S. Futures Flat Ahead of Fed Rate Decision
Wednesday, 19 June 2019 18:24 WIB |
MARKET UPDATE | Indeks berjangka ASS&P 500 Futures
U.S. futures were flat on Wednesday ahead of the Federal Reserve's policy decision and economic projections later in the day.
While no rate cut is expected, investors will be focusing on changes to the language in the Fed's statement and in Chairman Jerome Powell's subsequent comments as to the the triggers for and timing of an eventual move. Powell's press conference begins at 2:30 PM ET (17:00 GMT).
Markets now see the chance of a rate cut in July have increased to more than 80% as ongoing trade tensions between the U.S. and China slow global growth, and dampen the inflation outlook.
Tech-heavy Nasdaq 100 futures were little changed by 6:50 AM ET (10:50 GMT), rising 2 points to 7,677.25, while Dow futures rose 6 points to 26,510.50 and S&P 500 futures were flat at 2,926.38.
Source : Investing.com
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