Stocks were wavering in premarket trading Wednesday as markets waited for the Federal Reserve’s latest interest-rate decision from what could be one of the central bank’s most divisive meetings in recent history.
Futures tied to the Dow Jones Industrial Average were up 6 points, or broadly flat. The S&P 500 and Nasdaq 100 were also stalling in premarket trading. All three indexes closed lower in the previous session.
The central bank’s monetary policy committee is due to make its decision at 2 p.m. Eastern time after a second day of deliberation in a two-day meeting that has been under scrutiny for political as well as economic reasons.
President Donald Trump has loomed large over proceedings. He attempted to remove Fed Gov. Lisa Cook from the central bank’s board and an appeals court said Monday she can keep her job for now. The president said he will fight the latest decision. Trump’s Fed pick Stephen Miran will also attend…
