Market

Wall Street Braces for Fed's Rate Decision Amid Trump Tariff Fallout

Market Jitters Ahead of Federal Reserve Meeting

As the Federal Reserve prepares to announce its decision on key interest rates, Wall Street futures took a downturn early Tuesday. This pivotal meeting marks the first since President Donald Trump unveiled reciprocal tariffs on April 2, injecting a dose of uncertainty into global markets.

Futures Show Significant Declines

By 4:25 am ET, the Dow Jones Industrial Average had slipped by 0.50%, with the Nasdaq 100 not far behind, dropping 0.80%. The S&P 500 also felt the pressure, decreasing by 0.63% by 4:26 am ET.

Euro Gains Ground

Amid the market fluctuations, the euro saw a modest increase of 0.26% at 4:27 am ET, trading at $1.13434.