Investing.com – US futures were flat on Wednesday ahead of the Federal Reserve and financial forecasts later in the day.
Although no cut is expected, investors will focus on changes in the language of the Fed's statement and in President Jerome Powell's subsequent remarks on the triggers and timing of any move. Powell starts at 14:30 ET (17:00 GMT).
Markets are now seeing the chance that a cut in July has risen to more than the current trade tensions between the US and China, slow global growth and dampening inflation prospects.
Tech-heavy was a little changed at. 6:50 ET (1
Adobe (NASDAQ:) was among the top winners in the premarket trade, an increase of 4.2% after reporting a 25% increase in the last quarter, while Cisco (NASDAQ 🙂 got 0.4% and Caterpillar (NYSE 🙂 was at 0.5%.
CBS Corporation (NYSE 🙂 was also in focus after the Wall Street Journal reported it has revived plans to merge with its subsidiary Viacom (NASDAQ :), while Boeing (NYSE 🙂 increased by 0.2% . An American Aviation Panel House is expected to hold a hearing based on 737 MAX Wednesday from pilots, flight attendants, and a former Federal Aviation Authority.
Elsewhere, Facebook (NASDAQ 🙂 fell by 0.3%, while Nike (NYSE 🙂 fell 0.4% and PayPal (NASDAQ 🙂 fell 0.3%.
In goods fell 0.1% to $ 54.05 per item. Barrel. fell 0.3% to $ 1.346.05 a troy ounce, while that which measures the dollar against a basket of six major currencies rose by 0.1% to 97.10.
Fusion Media or anyone involved in Fusion Media assumes no responsibility for any loss or damage resulting from the reliance on the information including data, quotes, charts and purchase / sales signals contained on this site. Be fully informed about the risks and costs associated with trading in the financial markets. It is one of the most risky forms of investment.