Market

Wall Street Braces for Impact: Fed's Interest Rate Decision Looms Amid Trade War Tensions

Investors on Edge as Federal Reserve Meeting Approaches

As the Federal Reserve prepares to announce its decision on key interest rates, Wall Street futures took a downward turn early Tuesday. 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 Growing Concerns

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. Amidst these declines, the euro managed a slight gain, rising 0.26% to $1.13434 by 4:27 am ET.