Stock Futures Climb Ahead of Fed Decision on First Hike Since 2023

Stock futures moved higher ahead of the Federal Reserve's interest rate decision, with investors weighing the possibility that the central bank could raise rates for the first time since 2023. The decision has drawn unusual attention because it would reverse the cutting cycle the Fed has followed for the past two years. The uncertainty matters because a hike, if it happens, would tighten financial conditions just as markets have been pricing in further easing. A hold, by contrast, would suggest the Fed still sees inflation risks as manageable without acting. The outcome of the meeting had not been announced as of the writing of this report, and analysts remain split on which way the decision will go.