US stock futures held steady on Monday, with major indices continuing their recovery from last week’s sell-off. Futures tied to the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite remained flat as investors awaited the Federal Reserve’s upcoming policy meeting.
Wall Street Recovers from Recent Sell-Off
The stock market showed signs of recovery following last week’s downturn, which pushed the S&P 500 into correction territory. Concerns about the potential impact of President Trump’s trade war on the US economy weighed heavily on investor sentiment.
Federal Reserve’s Policy Meeting in Focus
As Wall Street digests recent gains, attention is now turning to the Federal Reserve’s two-day policy meeting, set to begin on Tuesday. The central bank is expected to announce its next monetary policy decision on Wednesday.
Federal Reserve Chair Jerome Powell has indicated that the Fed will proceed with caution regarding rate cuts, relying on additional economic data before making any moves. Analysts largely anticipate that the Fed will keep rates unchanged for now.
Key Data to be Released
In addition to the Fed’s meeting, the Commerce Department will release data on housing starts for February on Tuesday, offering further insight into the state of the US economy.
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