#FOMCMeeting #FOMCMeeting 🧨🧨🧨

The FOMC day 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 final interest rate decision of the year and signals on whether policymakers will take a more cautious approach in 2025.

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

Given that 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 hints about the direction 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 expect a more restrictive Fed next year due to strong growth and persistent inflation, which limit the case for constant rate cuts.