Markets Bake in Fed Rate Cut as Futures Fall. Why Powell's Comments Will Be Crucial.

U.S. banal futures were falling connected Wednesday arsenic investors awaited a wide expected interest-rate chopped from the Federal Reserve.

Futures tracking the Dow Jones Industrial Average were down 39 points, oregon 0.1%, aft the scale retreated 279 points connected Tuesday to decorativeness astatine 47,560. S&P 500 futures besides fell 0.1% with contracts tracking the tech-heavy Nasdaq dropping 0.2%.

The output connected the benchmark 10-year U.S. Treasury enactment roseate to supra 4.2%.