Futures higher as Fed kicks off policy meeting

|By:, SA News Editor

Following the momentum in Europe and Asia overnight, U.S. stock index futures are all up 0.3% as the Fed begins its two-day meeting on monetary policy.

Markets have priced in a rate hike of 25 bps to 0.50%-0.75% in what would be the FOMC's first increase this year and only the second since the financial crisis.

Oil is up 1.1% at $53.40/bbl, gold is 0.4% lower at $1161/ounce and the 10-year Treasury yield is down 2 bps to 2.47%.

ETFs: SPY, QQQ, DIA, SH, SSO, VOO, SDS, IVV, SPXU, TQQQ, UPRO, PSQ, SPXL, RSP, SPXS, SQQQ, QID, DOG, QLD, DXD, UDOW, RWL, SDOW, VFINX, EPS, DDM, QQEW, QQQE, SPLX, SFLA, QQXT, SPUU, SPXE, LLSP, UDPIX, OTPIX, RYARX, SPXN, SPDN, SPXT, SPXV, TALL

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