Stock Index Futures Muted Amid Caution Ahead of Fed Rate Decision

Today, all eyes are focused on the Federal Reserve’s monetary policy decision. The Federal Open Market Committee is widely expected to deliver a 25 basis point rate cut for a third straight meeting. That would take the Fed funds rate to a range of 3.50% to 3.75%. Market watchers will follow Chair Jerome Powell’s post-policy meeting press conference for clues on next year’s interest rate path. Market participants will also scrutinize the Fed’s quarterly “dot plot” in its Summary of Economic Projections, whic ...