Stocks Steady as Fed Prioritizes Inflation Progress

U.S. stock futures showed slight upward movement as investors awaited business activity data, following a challenging day on Wall Street where major indices closed in the red. Notable declines were observed in Walmart and EPAM Systems due to disappointing forecasts, while Hasbro experienced gains after surpassing earnings expectations. Economic indicators revealed a decrease in the Philly Fed manufacturing index and a rise in jobless claims, raising concerns about consumer confidence and economic growth. The Federal Reserve maintained interest rates amid inflationary pressures, with officials indicating a cautious approach towards further cuts. The Fed's recent meeting minutes highlighted a desire for more progress on inflation before adjusting rates, reflecting an uncertain economic outlook. Concerns about potential tariffs from President Trump also impacted market sentiment, keeping stocks subdued.