U.S. Stock Futures Edge Higher Ahead of Open

Investing.com – U.S. stock futures pointed to a slightly higher open on Thursday a day after the U.S. Federal Reserve held interest rates steady and signaled that borrowing costs are likely to remain on hold through 2020.

Futures on the and the edged higher by 6:55 AM ET (10:55 GMT), while ticked up 0.1%.

Fed Chairman Jerome Powell said Wednesday that while the economic outlook for the U.S. was favorable, a significant, persistent rise in inflation would be needed to hike rates.

Investors remained cautious ahead of Sunday’s deadline for the next round of U.S. tariffs on Chinese imports to take effect.

U.S. President Donald Trump is expected to meet with top White House trade advisors later Thursday to discuss the planned 15% tariffs on some $160 billion in Chinese goods, according to various reports.

A decision to move ahead with the tariffs could roil financial markets and scuttle U.S.-China talks to end the 17-month-long trade war between the world’s two largest economies.

Investors were also looking ahead to data on and figures for November, both set to be released at 08:30 AM ET.

Costco (NASDAQ:), Adobe (NASDAQ:) and Broadcom (NASDAQ:) are scheduled to publish their latest quarterly earnings reports after the market close.

The , which measures the greenback against six rival currencies, was little nursing losses near Wednesday’s four-month lows at 97.13 while the yield on the Treasury was trading at 1.79%.

In commodities, were at $1,479.65 a troy ounce, while traded up 27 cents at $59.04 a barrel.

–Reuters contributed to this report

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.