Futures higher ahead of year's final Fed meeting
2018-12-18 07:17:34
Stock futures are poised for a rebound following yesterday's massive selloff. The highly anticipated FOMC meeting will kick off today. While the Fed is expected to raise interest rates, investors will be watching its language and for clues about its course of action in 2019. In trade war news, China's President Xi said they would stick to their current policy agenda as no one can dictate reforms to them, despite pressure from the U.S. The domestic economic calendar has housing starts and building permits data for November scheduled for release. In early pre-market trading, Dow…
Stock futures are poised for a rebound following yesterday's massive selloff. The highly anticipated FOMC meeting will kick off today. While the Fed is expected to raise interest rates, investors will be watching its language and for clues about its course of action in 2019. In trade war news, China's President Xi said they would stick to their current policy agenda as no one can dictate reforms to them, despite pressure from the U.S. The domestic economic calendar has housing starts and building permits data for November scheduled for release. In early pre-market trading, Dow futures are 155 points above fair value, Nasdaq futures are 52 points above fair value and S&P futures are 15 points above fair value.