#FOMCMeeting #FOMCMeeting 🧨🧨🧨

The day of the FOMC has arrived! Wall Street operates cautiously, Cryptos fall, and the dollar rises.

$ETH

U.S. stock index futures rose slightly on Wednesday, as markets eagerly awaited the Federal Reserve's last interest rate decision of the year and signals on whether policymakers would adopt a more cautious approach in 2025.

The Fed is widely expected to reduce interest rates by 25 basis points at its meeting. The announcement is scheduled for 2 p.m. ET on Wednesday.

Since a rate cut is already widely priced in, attention will be on the Fed's Summary of Economic Projections (SEP), which includes the “dot plot” of rate projections, and on comments from Chairman Jerome Powell for clues on the future path of rates in 2025.

Major Wall Street indices had fallen in Tuesday's session, with the Dow recording its ninth consecutive daily decline, its longest streak since February 1978, as markets increasingly anticipate a more restrictive Fed next year due to strong growth and persistent inflation, which limit the case for ongoing rate cuts.