Looming Fed Rate Decision Stifles US Equity Futures Pre-Bell

MT Newswires Live20:29

US equity futures were little changed pre-bell Wednesday as traders looked ahead to the Federal Reserve's interest rate decision.

Dow Jones Industrial Average futures were up 0.1%, S&P 500 futures were 0.1% higher, and Nasdaq futures were up 0.2%.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2.1% at $105.63 per barrel and US West Texas Intermediate crude 0.1% lower at $95.57 per barrel.

The policy-setting Federal Open Market Committee is scheduled to release a statement at 2 pm ET.

The February Producer Price Index, scheduled for release at 8:30 am ET, is expected to show a 0.3% increase following a 0.5% gain in the preceding month, according to estimates compiled by Bloomberg.

The January factory orders bulletin, due at 10 am ET, is expected to show a 0.1% gain.

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