U.S. Stock Futures Are Higher Ahead of The Federal Reserve Announcement This Afternoon
U.S. stock futures are higher. The Federal Reserve will announce the September rate hike decision later this afternoon. Markets are anticipating the announcement of a 75 basis point hike for the third-straight FOMC meeting. Additionally, the Fed will release the Summary of Economic Projections which provides the FOMC participants’ expectations for real GDP growth, the unemployment rate and inflation through to 2024. US Treasury Yields are mixed this morning and the US Dollar continues to rally to multi-year highs. Asian markets closed lower while European markets are higher in afternoon trading.