Dow futures rise ahead of Fed rates decision

Business | 13 Jun 2018 6:59 pm

US stocks are edging up ahead of an interest rate meeting by the Federal Reserve.

Futures for the Dow are up 0.1 percent and those for the S&P 500 are 0.2 percent higher. European indexes are up, with Germany’s DAX gaining 0.2 percent and Britain’s FTSE 100 0.3 percent higher.

The US dollar, meanwhile, is edging up as well, gaining 0.1 percent against the yen, to 110.52 yen.

Traders widely predict the Fed will raise its main rate by a quarter point on Wednesday (US time). They also expect its chairman, Jerome Powell, to hint during a news conference that the central bank might accelerate the pace of rate hikes slightly in coming months.-AP

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