Stocks climb ahead of the Federal Reserve's policy decision, with investors focused on whether Chair Kevin Warsh will signal a series of future rate hikes or a singular preemptive move.
Wall Street trades cautiously as investors await the Federal Reserve's first interest rate hike in three years. While futures markets anticipate a quarter-point increase, market sentiment remains fragile due to persistent geopolitical tensions and rising oil prices.
Investors are uncertain whether the anticipated rate hike marks the beginning of a prolonged tightening cycle or a one-time preemptive measure to curb inflation.