Stocks advance as investors await Fed

Stocks advance as investors await Fed

U.S. stock futures opened little changed Tuesday evening, with investors looking ahead to the Federal Reserve’s latest monetary policy decision against the backdrop of elevated inflation and a still-tight U.S. labor market. Contracts on the S&P 500 and Nasdaq gained, while Dow futures dipped.

Investors are awaiting the Federal Reserve’s monetary policy statement and press conference from Chair Jerome Powell later Wednesday afternoon. The central bank is widely expected to raise interest rates…


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