Futures slightly higher on Fed day

|By:, SA News Editor

Stock index futures are marginally higher ahead of the results of the FOMC's 2-day meeting and a new set of "dots" (showing members' expectations of the timing and pace of rate hikes). Markets seem to have braced for a somewhat more hawkish view, with Eurodollar futures markets  now pricing in the first rate hike in less than a year. There's also Janet Yellen's press conference following the meeting results.

Europe is posting a moderate advance and the Nikkei gained nearly 1% overnight.

The 10-year Treasury yield is up one basis point at 2.64% and gold is lower by $1 to $1,271 per ounce.

ETFs: SPY, QQQ, SH, DIA, SSO, SDS, PSQ, VOO, IVV, SPXU, UPRO, TQQQ, SPXL, QID, RSP, SQQQ, DOG, QLD, DXD, RWL, EPS, UDOW, SDOW, DDM, BXUB, QQEW, QQQE, SFLA, SPLX, QQXT, BXUC, SPUU