Stocks Rise Before the Open as Investors Weigh Big Tech Earnings, U.S. Economic Data and Apple Results in Focus

As widely expected, the Federal Reserve left interest rates unchanged yesterday. The Federal Open Market Committee voted 10-2 to keep the federal funds rate in a range of 3.50%-3.75%. Governors Christopher Waller and Stephen Miran dissented in favor of a quarter-point cut. In a post-meeting statement, officials said “job gains have remained low, and the unemployment rate has shown some signs of stabilization.” Policymakers also removed language referring to heightened downside risks to employment that had a ...