By Joe Wallace
Stocks are regaining some poise ahead of the Federal Reserve's interest-rate decision.
The Fed is expected to keep interest rates on hold Wednesday, and pencil in one or two cuts for this year. Chairman Jerome Powell's comments might give clues about the Fed's approach to tariffs, which pose a challenge by threatening to slow growth and quicken inflation at the same time.
Overseas, Turkish markets slumped after the arrest of Istanbul's mayor, a leading political opponent of President Recep Tayyip Erdogan. Turkey's stocks and currency slid.
In recent trading:
-- Futures for the S&P 500, Dow industrials and Nasdaq-100 pointed to small opening gains. On Tuesday, stocks resumed their recent decline, yanked lower by a slide in Nvidia and other big tech companies.
-- Ten-year Treasury yields edged higher. They settled Tuesday at 4.28%.
-- The U.S. dollar strengthened against a basket of currencies.
-- Turkey's lira dropped more than 6% against the dollar. The Borsa Istanbul 100 index slid 6%, and Istanbul's stock exchange briefly halted trading.
-- The yen weakened slightly against the dollar after the Bank of Japan left monetary policy unchanged.
-- Gold prices held above $3,030 a troy ounce, after the metal hit another record Tuesday.
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(END) Dow Jones Newswires
March 19, 2025 06:48 ET (10:48 GMT)
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