Global Markets Mixed as All Eyes Turn to Fed Rate Decision

Global markets were mixed ahead of the Federal Reserve’s latest policy decision, its last for this year. Markets are pricing in an 89% probability of a 25 basis point cut, according to LSEG data, but uncertainty remains over the Fed’s stance on the direction of future moves. Futures for U.S. indexes nudged up slightly, while Europe opened to a mixed picture and Asian indexes slipped lower.

—U.S. indexes were largely up premarket, with the S&P 500 and tech-heavy Nasdaq both gaining 0.1%. The Dow Jones Industrial Average hovered around par following losses Tuesday.