FX.co ★ US Futures Point to Lower Open

US stock futures dipped on Tuesday, with contracts tied to the three major indexes falling approximately 0.2%, undoing the gains seen in the previous two sessions. Investors maintain a cautious stance regarding the outlook for economic growth and the potential ramifications of Trump's policies on the U.S. economy. Concurrently, the Federal Reserve's two-day Federal Open Market Committee (FOMC) meeting commences today, and traders are keenly anticipating the release of updated economic projections and the Fed's policy outlook tomorrow. Currently, markets predict two interest rate cuts this year, with the likelihood of a third cut on the rise. In terms of economic data, housing starts and building permits surpassed expectations, while both import and export prices remained steady instead of declining as anticipated. On the corporate side, Alphabet's shares showed little change in premarket trading following the announcement that Google will acquire the cloud security company Wiz for $32 billion. Nvidia saw a slight decline (-0.5%) as its CEO prepares to deliver a keynote speech at the company’s GAI conference.