Stock futures steady ahead of Fed's guidance on monetary policy; S&P 500 on two-week losing streak.

Stock futures remained steady as investors anticipate the Fed's guidance on monetary policy this week. Inflation concerns have impacted stocks, with the S&P 500 set for a two-week losing streak. The CME FedWatch Tool predicts a 99% chance of the Fed leaving benchmark rates unchanged, but a June cut expectation has fallen to 55%. The Fed's policy meeting will focus on potential rate cuts and quantitative tightening.

March 17, 2024
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