Stock futures rise slightly ahead of Fed decision [CNBC]
Boeing Company (The) (BA)
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Source: CNBC
Stock futures rose slightly in overnight trading on Tuesday as investors eyed guidance from the Federal Reserve on the future path of interest rates with a gradual reopening of the economy in sight.Futures on theDow Jones Industrial Averagethe S&P 500All eyes will be on the Fed's monetary policy decision at 2 p.m. ET Wednesday. Investors will look to the central bank's statement and chairman Jerome Powell's virtual press conference for clues about how long interest rates will stay near zero as the economy seeks to emerge from coronarivirus crisis."It doesn't look like the Fed will raise interest rates beyond 0% until well-past the pandemic, which we think might be around 2023," said Jim Caron, head of global macro strategies at Morgan Stanley Investment Management. "The market is pricing a recovery that starts in Q3, but there's wide variability, and we need the Fed to give its input."While no one is expecting any change to its benchmark interest rate,the Fed could potentially adjust
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