Fed expected to hold interest rates steady
Oil rises as traders price in post-election escalation with Iran
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Before the bell: Markets wait on Fed rates call
Australian shares are set to dip, after Wednesday’s hotter than expected inflation print raised the likelihood of another interest rate rise, and traders await the Federal Reserve’s rates call.
S & P/ASX 200 futures were down 10 points, or 0.1 per cent, to 8874 near 3am (AEDT).
Wall Street investors refrained from making big decisions before key tech results and the Fed’s rates decision.
Policymakers are widely expected to hold rates steady, and attention will be on any clues on the path of monetary policy.
The S & P 500 wavered, while the chipmakers index ticked higher ahead of after-market results from Microsoft and Alphabet, which will test appetite for the artificial intelligence trade.
