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US Stock Futures Edge higher up ahead of Fed forecasts

US stock futures yielded gains on Wednesday as investors waited for the Federal Reserve’s latest stance on economic growth and inflation outlook.

Futures tied to the S&P 500 rose 0.4%, suggesting that broad tracks may open higher. Contracts tied to the Nasdaq Composite Index crossed 0.2%. Both benchmarks are so far in the negative range for the month, with the Nasdaq down nearly 5% in September.

Investors are weighing the prospect of continued support from the central bank against further delays in a fiscal spending package expected by lawmakers. While the Fed is not expected to change interest rates on Wednesday, decision-makers may revise economic and inflation projections closely monitored.

“We expect to see an upgrade in U.S. growth figures,”

; said Edward Park, Brooks Macdonald’s deputy chief investment officer. “Last time, they were very bearish compared to what the market had expected.”

The meeting is the Fed’s first since creating a new framework that governs how to conduct policy in the long term. Investors are eager to get more guidance on how change will work in practice.

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