Stock futures are on the rise as the Fed gives the kickoff to the policy meeting By Reuters

By Medha Singh

(Reuters) – US equity futures rose slightly on Tuesday as investors anticipated a more accommodative policy from the US Federal Reserve at a two-day political meeting this week.

Many disappointing economic statistics this month have confirmed market expectations that the Fed could reinforce the halting of further interest rate hikes.

The Fed concludes its deliberations with a press conference on Wednesday.

Investors will also pay attention to the central bank's "point chart", a chart illustrating the exchange rates observed by policymakers for the next three years, as well as details on its plan to reduce bond holdings.

Traders do not currently expect any rate hike this year and are even expecting a rate cut in 2020.

Optimism that the Fed will remain less aggressive in raising rates and hopes of resolving a bitter US-China trade dispute have helped markets recover most of their losses since the end of the year. 'last year.

The benchmark is at its highest level in five months and stands at only 3.5% of the record reached in September.

At 7:04, ET, up 102 points, or 0.39%. were up 11.25 points or 0.4% and 27 points or 0.37%.

Technology and financials contributed to the rise of the three main Wall Street indexes on Monday, the benchmark and the fifth rise in Nasdaq, a major technology player, in the last six sessions.

Boeing (NYSE 🙂 Co is opposed to Dow's progress in the rankings, while the world's largest planner faces heightened surveillance following two fatal accidents on his 737 MAX aircraft in five months.

Boeing shares fell 0.6% in pre-market trading on Tuesday after losing about 12% since the plane crash in Ethiopia.

Nvidia Corp chipset surged 1.6% thanks to its partnership with Softbank Group Corp and LG Uplus Corp to deploy cloud game servers in Japan and Korea later this year.

With respect to the economy, the 10:00 (ET) data indicates that new orders for US-made products rose 0.3% in January, following a slight 0.1% increase in the month previous.