Stock futures inch higher ahead of Fed minutes release

Stock futures inch higher ahead of Fed minutes release


Stock futures inched higher in overnight trading Tuesday as investors await the latest insights into the Federal Reserve’s policy tightening.

Minutes from the Fed’s Tuesday meeting are slated for release Wednesday afternoon. Investors are bracing for new details about the Fed’s plan to reduce its balance sheet.

Futures on the Dow Jones Industrial Average rose about 30 points, or 0.1%. S&P 500 futures added 0.1% and Nasdaq 100 futures ticked up 0.1%.

The moves in stock futures came after the three major stock averages each fell in Tuesday’s regular session. The Dow dipped about 280 points, or 0.8%. The S&P 500 lost 1.3% and then Nasdaq Composite declined 2.3%.

Stocks turned lower Tuesday as Fed Governor Lael Brainard indicated support for higher interest rates and said a swift reduction of the central bank’s balance sheet could begin as soon as May.

“It is of paramount importance to get inflation down,” Brainard said during a Minneapolis Fed webinar. Brainard has been nominated to be vice chair of the Federal Open Market Committee.

San Francisco Fed President Mary Daly also pledged rate hikes ahead while sharing concerns about inflation.

“I understand that inflation is as harmful as not having a job,” Daly said.



Source

CNBC Daily Open: More tariff letters are out, but investors have their eyes on AI
World

CNBC Daily Open: More tariff letters are out, but investors have their eyes on AI

Aerial photo taken on April 3, 2025 shows a view of a port in Rio de Janeiro, Brazil. Wang Tiancong | Xinhua News Agency | Getty Images Just this morning Singapore time, U.S. President Donald Trump said that the 50% tariff on copper imports, which he announced earlier on Tuesday, will begin on Aug. 1. […]

Read More
Bank of Korea expectedly keeps rates steady at an almost three-year low
World

Bank of Korea expectedly keeps rates steady at an almost three-year low

This photo taken on Nov. 24, 2022 shows the building of Bank of Korea BOK in Seoul, South Korea. South Korea’s central bank on Thursday raised its policy rate to curb inflation, delivering six back-to-back rate hikes for the first time. (Photo by Wang Yiliang/Xinhua via Getty Images) Wang Yiliang | Xinhua News Agency | […]

Read More
Asia-Pacific markets mixed after Trump slaps 50% tariff on Brazilian imports
World

Asia-Pacific markets mixed after Trump slaps 50% tariff on Brazilian imports

Opening calls from sunny Singapore Good morning from Singapore! Asia-Pacific markets are set to open mixed. Japan’s benchmark Nikkei 225 was set to open higher, with the futures contract in Chicago at 39,925 while its counterpart in Osaka last traded at 39,910 against the index’s Tuesday close of 39,821.28. Futures for Hong Kong’s Hang Seng index stood at 23,863 […]

Read More