Major stocks fell on Wednesday in the pre-market session as investors prepared for the monetary policy decision by the US central bank.
The decline in US stock futures came after the profits of technology giants fell short of high expectations on Wall Street, as technology stocks suffered a strong blow in European morning trading, and Standard & Poor's 500 futures fell by 0.5%, and Nasdaq futures fell by 1.3%. % during the day now.
Microsoft and Alphabet shares took a hit in the pre-market, and Tesla shares fell more than 3% in the pre-market as well.
This evening, we await the decision of the US Federal Reserve, which followed an aggressive approach towards interest rates throughout 2022 and a large part of 2023. It is largely expected that the Federal Reserve Bank in the United States will keep the main interest rate unchanged.
Traders see there's about a 40% chance the Fed will cut interest rates for the first time next March, but most Fed officials have said it's too early to make such predictions.
While Powell may say recent declines in inflation are encouraging, he may It does not show much urgency to mitigate inflation, given the flexibility in the labor market and growth in the economy.
