Market

Wall Street Braces for Fed Decision: Futures Dip as Investors Await Interest Rate Verdict

Investors on Edge Ahead of Federal Reserve Meeting

As the Federal Reserve prepares to announce its decision on key interest rates, major Wall Street stock futures have taken a downward turn. This pivotal meeting marks the first since President Donald Trump's announcement of reciprocal tariffs on April 2, a move that has injected a dose of uncertainty into global markets.

Market Movements Reflect Investor Caution

Early Tuesday, the Dow Jones Industrial Average saw a decline of 0.50% by 4:25 am ET, with the Nasdaq 100 not far behind, dropping 0.80% at the same time. The S&P 500 also experienced a downturn, decreasing by 0.63% by 4:26 am ET.

Euro Gains Amidst Market Fluctuations

In contrast to the stock market's performance, the euro showed resilience, gaining 0.26% by 4:27 am ET to trade at $1.13434.