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US Futures Are Slightly Lower On Fed Day

US futures are slightly lower on Fed Day.  At 2pm the FOMC policy decision will be released, followed by Jerome Powell’s first post-meeting press conference at 2:30pm.  Markets will likely be focusing on the dot plots for indications of 4 rate hikes this year instead of 3.  Later this morning, February existing home sales will be released followed by crude and gasoline inventories from last week.  European shares are lower with materials stocks leading the declines and utility stocks outperforming.  Asian shares failed to hold on to gains, closing mostly lower.

US Futures Are Trading Near The Morning Lows
US Futures Are Little Changed As The Two-Day Fed M...

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