Dow Jones Futures Rise Ahead Of Fed Decision, Powell Comments. AMD Dives On Earnings.

News Snapshot:

Dow Jones futures rose modestly Wednesday morning ahead of a highly anticipated Federal Reserve decision on interest rate hikes and Fed Chair Jerome Powell's comments. Meanwhile, leading chipmaker Advanced Micro Devices (AMD) dived after issuing weak sales guidance. X The Fed's two-day policy meeting wraps up with an interest rate decision Wednesday afternoon at 2 p.m. ET. Fed chief Powell will speak at 2:30 p.m. As of Wednesday morning, investor expectations for a quarter-point hike stood at 88%, according to the CME FedWatch Tool. Markets may celebrate — at least briefly — if the ongoing banking crisis and indications of...