The Dow Jones today projected a 33-point decline in pre-market hours as investors awaited news on interest rates from the U.S. Federal Reserve. This afternoon, the Fed Open Market Committee will conclude its latest two-day meeting on monetary policy. Though the central bank is unlikely to raise interest rates again this month, markets are looking for clues on its next rate hike.
With the U.S. economy just coming off 4.1% gross domestic product growth during the second quarter, questions about inflation and an overheating jobs market are starting to build. We'll likely know more about whether Fed Chair Jerome Powell and the rest of his team will raise interest rates one or two more times in 2018.
Here are the numbers from Tuesday for the Dow, S&P 500, and Nasdaq:
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