DailyEdge

The Federal Reserve's September policy meeting kicked off Tuesday morning, with markets overwhelmingly expecting the Fed to raise interest rates by 25 basis points on Wednesday amid persistently high inflation.

Such a move would mark the Fed's first increase in the federal funds rate since 2023, when the central bank concluded its post-pandemic hiking campaign. However, inflation has remained above the Fed's 2% target for more than five years, with the war in the Middle East serving as the latest driver of higher prices.

US stock futures edged lower on Tuesday morning as investors braced for the Federal Reserve's interest rate decision on Wednesday and monitored the fallout from Anthropic CEO Dario Amodei's essay on AI safety concerns.

Futures on the Dow Jones Industrial Average led the decline, falling 0.6%, while S&P 500 futures fell 0.5% and Nasdaq-100 futures dropped 0.7%.

US stock futures sank on Monday morning after two leading frontier artificial intelligence companies called for an industrywide slowdown in AI development, sending tech stocks tumbling. Rising oil prices and an upcoming Fed meeting this week also put pressure on stocks.

U.S. stock futures wobbled in premarket trading on Friday as investors braced for inflation data that could either solidify or undermine rising expectations that the Federal Reserve will raise interest rates next week.

Futures tied to the Dow Jones Industrial Average rose 0.5%, while S&P 500 futures also gained 0.5%. Nasdaq-100 contracts edged 0.6% higher after the major indexes extended their losing streak to four days. All three major indexes were on track to post weekly declines.

US stock futures diverged on Thursday morning as a rally in oil prices took a breather and investors awaited wholesale inflation data and Oracle earnings.

Futures on the Dow Jones Industrial Average rose 0.1%, while those on the S&P 500 added 0.1%. Contracts for the Nasdaq-100, meanwhile, slipped 0.1%.