Home / Business / Wall Street watches the meeting of the Federal Reserve

Wall Street watches the meeting of the Federal Reserve

US stock index futures were mixed on Tuesday morning, as market participants geared up for the first day of the Federal Reserve interest rate meeting.

Around 2:00 am, Dow futures plunged 25 points, indicating a negative opening of more than 15 points. The S & P and Nasdaq futures were seen in opposite directions.

The central bank of the United States is largely aware of the markets, policy makers to start Tuesday a two-day meeting.

The Federal Reserve should leave its borrowing costs unchanged, despite new demands by President Donald Trump to lower interest rates.

Investors are likely to monitor closely whether central bank policymakers lay the groundwork for a rate cut later in the year.

New hopes for a relaxed monetary policy eased tensions in the risky asset markets, which were hit hard last month by escalating trade tensions among the world's largest economies.

In terms of data, housing starts and building permits for May are scheduled at 8:30 am ET.

In the company news, Parsons will report on his latest findings before the opening bell. The construction and engineering company, known for building airports and subways, is about to release its first quarterly results since its IPO earlier this year.

Jabil Circuit and La-Z-Boy will report their latest quarterly results after the close of the market.

Source link