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Will The Fed Signal Fewer Hikes?
(Reuters) - U.S. stock index futures climbed 0.8 percent on Wednesday, with investors hoping the Federal Reserve will give them an early Christmas present by signaling fewer rate hikes given the turmoil in financial markets and rising fears of a recession.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 18, 2018.
REUTERS/Brendan McDermid The Fed is expected to raise rates for the fourth time this year when its two-day policy meeting ends at 2 p.m.