Index futures are showing minimal movement this morning ahead of the highly anticipated Federal Reserve rate decision.
The Federal Reserve is widely expected to announce its first interest rate cut of the year, lowering the federal funds rate by 0.25 percentage points to a target range of 4.00%-4.25%.
Expectations for a larger 50 basis-point rate cut remain limited, although President Trump has publicly called for the Fed to deliver a “big cut.” In addition to the rate decision, the Federal Reserve will release updated economic projections and a new dot plot, with markets anticipating at least two more quarter-point cuts before the end of the year. This meeting takes place amid notable developments, including a U.S. appeals court rejecting President Trump's effort to remove Lisa Cook from the Fed Board of Governors, and the recent Senate confirmation of Stephen Miran to the Board.