S&P 500 Futures Fluctuate Ahead of Fed Announcement

U.S. stock index futures are showing a mixed performance as traders await the Federal Reserve's monetary policy announcement, with a 99% likelihood that interest rates will remain unchanged. Following a significant decline in stocks on Tuesday, futures for the S&P 500 and Nasdaq are slightly up, indicating a potential rebound. The Fed's updated economic projections are anticipated to provide insights into the central bank's views on the potential economic impact of ongoing tariff disputes and other geopolitical factors. In pre-market trading, Tesla's stock surged after receiving approval to begin carrying passengers, contributing to a broader rise among tech stocks. Meanwhile, European markets are also mixed as they react to recent geopolitical developments, particularly regarding Ukraine and Turkey. The overall market sentiment remains cautiously optimistic ahead of the Fed's decisions and statements later today.