Wall Street Poised To Open Lower FOMC Meeting

Economic Outlook - Investors are anticipating a rate cut at the final Federal Reserve meeting, focusing on economic growth, inflation, and interest rates for the upcoming years [1] - The consensus for the Federal Open Market Committee (FOMC) meeting is a 25 basis point rate cut, consistent with the previous period [5] Market Performance - In the Asian trading session, the dollar was slightly lower, while gold remained stable and oil prices edged up [1] - Major U.S. stock indices finished lower, with the Dow down 179.03 points (0.4%) to 47,560.29, the S&P 500 down 6.00 points (0.1%) to 6,840.51, and the Nasdaq up 30.58 points (0.1%) to 23,576.49 [2] Economic Data Releases - The Employment Cost Index for Q3 is expected to show a growth of 0.9%, matching the previous quarter's growth [3] - The preliminary Wholesale Inventories for October 2025 are scheduled for release, with the prior month showing inventories at 0.0% [3] - The Energy Information Administration (EIA) will publish the Petroleum Status Report, with crude oil inventories up 0.6 million barrels and gasoline inventories up 4.5 million barrels in the prior week [4] International Market Trends - Asian stocks generally declined, with China's Shanghai Composite index down 0.23% to 3,900.50, while Hong Kong's Hang Seng index increased by 0.42% to 25,540.78 [5][6] - Japanese markets ended mixed, with the Nikkei average down 0.10% to 50,602.80 and the broader Topix index up 0.12% to 3,389.02 [6]