17 Jun 2015
US index futures trade flat before Fed
FXStreet (Mumbai) - US stock-index futures trade flat as investors awaited the outcome of the Federal Reserve’s meeting for clues on the timing of any interest-rate increase.
Standard & Poor’s 500 rose less than 0.1% to 2,089.75. Dow Jones Industrial Average futures added 16 points, or less than 0.1%, to 17,842.
The Fed is widely expected to keep the interest rates at a record low today. However, growth forecast is likely to be revised lower. Investors shall also keep an eye on interest rate forecasts published through a ‘dot chart’. In March, the interest rate forecasts were significantly revised lower.
Post March meet, markets were betting that a rate hike would happen in late 2015-early 2015. However, a stellar non-farm payrolls report for May brought back September rate hike on the table.
Standard & Poor’s 500 rose less than 0.1% to 2,089.75. Dow Jones Industrial Average futures added 16 points, or less than 0.1%, to 17,842.
The Fed is widely expected to keep the interest rates at a record low today. However, growth forecast is likely to be revised lower. Investors shall also keep an eye on interest rate forecasts published through a ‘dot chart’. In March, the interest rate forecasts were significantly revised lower.
Post March meet, markets were betting that a rate hike would happen in late 2015-early 2015. However, a stellar non-farm payrolls report for May brought back September rate hike on the table.