Investors on Edge as Fed's Policy Decision Looms

As the Federal Reserve prepares to announce its monetary policy decision, US stock futures have seen a notable uptick. This pivotal meeting marks the first since President Donald Trump's announcement of reciprocal tariffs on April 2, and his subsequent calls for Fed Chair Jerome Powell to lower interest rates. The anticipation of high-level trade talks between US officials and their Chinese counterparts has further fueled optimism among investors.

Market Movements in Early Trading

Early Wednesday, the Dow Jones Industrial Average rose by 0.68%, or 282 points, by 4:19 am ET. Similarly, the Nasdaq 100 and the S&P 500 experienced gains of 0.67% and 0.70%, respectively, signaling a bullish sentiment in the market.

Currency Markets Hold Steady

Meanwhile, the euro remained stable against the dollar, trading at $1.13676 at 4:27 am ET, as traders awaited the Fed's decision.