Nasdaq leads drop in futures ahead of Fed rate decision
is seen hiking the Fed funds rate by 25 basis points at the end of its two-day policy meeting on Wednesday, close on the heels of economic reports showing signs of slowing demand and cooling inflation.
"The Fed's going to continue to err on the side of caution with respect to inflation because of the fact that it still remains well above the 2% target ... we're seeing signs that inflation may be coming down, but it's still not low enough," said Adam Sarhan, chief executive of 50 Park Investments in New York.
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