U.S. stock index futures ticked lower on Wednesday as investors awaited the conclusion of the Federal Reserve’s meeting where the central bank is expected to keep borrowing costs unchanged and provide cues on its monetary policy trajectory.
Traders pulled back bets for a June rate cut to 64 per cent from 71 per cent at the start of last week, according to CME FedWatch data. Most megacap growth stocks inched lower in premarket trading, while Tesla gained 0.7 per cent after confirming to Reuters it will raise the price of China-produced Model Y vehicles by 5,000 yuan from April 1.
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