Sunday, December 5, 2021
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Stocks are mixed ahead of Fed update

US stock futures were mostly unchanged Wednesday morning as investors eagerly await answers from the Federal Reserve about America’s financial health, the likelihood that rates will be raised in the near future and whether stimulus could overheat the economy.

The Fed will announce its policy decision at 2 pm and Jerome Powell will hold a press conference at 2:30 pm ET.

Here’s where things stand as of 6:15 am ET:

Stocks ended Tuesday’s session mixed. Both the S&P 500 and the Dow snapped record-breaking winning streaks: the Dow had notched new all-time highs for four straight days.

Tuesday’s economic data showed that February wasn’t a great month for the recovery, with industrial production and retail sales below expectations.

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