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Wall Street oversees the Federal Reserve meeting



US. Stock index futures were mixed on Tuesday morning as market participants braced themselves for the first day of the Federal Reserve's rate hike.

At 02:00 ET, the Dow futures fell 25 points, indicating a negative open of more than 15 points. Futures on the S & P and Nasdaq pointed in opposite directions.

The market focus is broadly aligned with the US Federal Reserve and policymakers are expected to begin a two-day meeting on Tuesday.

The Federal Reserve is expected to remain in defiance of new claims by President Donald Trump after interest rate cuts should keep borrowing costs unchanged.

Investors are likely to watch closely to see if central bank policymakers lay the groundwork for a rate cut during the year.

New hopes for loosening monetary policy have eased tensions in the markets for risk-weighted assets that have been hit hard by escalating trade tensions between the world's largest economies over the last month.

On the data front, construction and building permits are scheduled for May at 8:30 am CET.

In corporate news, Parsons will report on the latest results before the opening bell. The construction and engineering company, which is known for the construction of airports and subways, is expected to release its first quarterly results following an IPO earlier this year.

Jabil Circuit and La-Z-Boy will release their latest quarterly results after the market closes.


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