US stock index futures pointed to a higher opening on Wednesday as crude oil prices declined and investors awaited the Federal Reserve's interest rate decision later in the day.
The indicated rebound followed two consecutive sessions of losses that pushed the S&P 500 to its lowest closing level in more than a month.
US crude oil futures fell nearly 2% after gaining almost 6% over the previous two days. The decline followed an American Petroleum Institute report showing an unexpected increase of 7.1 million barrels in US crude oil inventories last week.
Trading activity could remain limited ahead of the Federal Reserve's monetary policy announcement.
According to CME Group's FedWatch Tool, market pricing indicated a 92.7% probability of a 25-basis-point interest rate increase. The figure reflects market-implied expectations rather than a confirmed policy decision.
#increase
The indicated rebound followed two consecutive sessions of losses that pushed the S&P 500 to its lowest closing level in more than a month.
US crude oil futures fell nearly 2% after gaining almost 6% over the previous two days. The decline followed an American Petroleum Institute report showing an unexpected increase of 7.1 million barrels in US crude oil inventories last week.
Trading activity could remain limited ahead of the Federal Reserve's monetary policy announcement.
According to CME Group's FedWatch Tool, market pricing indicated a 92.7% probability of a 25-basis-point interest rate increase. The figure reflects market-implied expectations rather than a confirmed policy decision.
#increase
2 months ago
