{"id":83873,"date":"2026-09-16T16:41:47","date_gmt":"2026-09-16T06:41:47","guid":{"rendered":"https:\/\/www.icmarkets.com.au\/blog\/?p=83873"},"modified":"2026-09-16T16:41:50","modified_gmt":"2026-09-16T06:41:50","slug":"wednesday-16th-sept-2026-u-s-futures-steady-ahead-of-fed-rate-decision","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/wednesday-16th-sept-2026-u-s-futures-steady-ahead-of-fed-rate-decision\/","title":{"rendered":"Wednesday 16th Sept 2026: U.S. Futures Steady Ahead of Fed Rate Decision"},"content":{"rendered":"\n

Global Markets:<\/strong><\/h3>\n\n\n\n

\u25cf         Asian Stock Markets : Nikkei up 0.48%, Shanghai Composite up 0.57% Hang Seng up 0.02% ASX up 0.26%<\/p>\n\n\n\n

\u25cf        Commodities : Gold at $4,367.23 (0.80%) Silver at $65.118 (1.97%), Brent Oil at 108.06 (-0.63%), WTI Oil at 104.77 (-1.00%)<\/p>\n\n\n\n

\u25cf        Rates : US 10-year yield at 4.985, UK 10-year yield at 5.3897, Germany 10-year yield at 3.5343<\/p>\n\n\n\n

News & Data:<\/strong><\/h3>\n\n\n\n

\u25cf        (CAD)     Wholesale Sales m\/m<\/p>\n\n\n\n

  0.3% to 0.5%  expected<\/p>\n\n\n\n

Markets Update:<\/strong><\/h3>\n\n\n\n

U.S. equity futures were little changed Tuesday evening as investors awaited the Federal Reserve\u2019s pivotal interest rate decision, which could signal the start of a new rate-hiking cycle.<\/p>\n\n\n\n

S&P 500 and Nasdaq-100 futures each gained 0.1%, while Dow Jones Industrial Average futures rose 56 points, or 0.1%. Asian markets were mixed early Wednesday, with Japan\u2019s Nikkei 225 down 0.34%, while the Topix gained 0.7%. South Korea\u2019s Kospi edged up 0.12%, while the Kosdaq fell 1.05%. Australia\u2019s S&P\/ASX 200 rose 0.24%, while Hong Kong\u2019s Hang Seng declined 0.18% and the CSI 300 fell 0.42%.<\/p>\n\n\n\n

Markets were pricing in a 92% probability of a 25-basis-point Fed rate hike Wednesday, according to CME FedWatch. The probability of another quarter-point increase stood at 45% for October and 30% for December. The current target range is 3.5% to 3.75%.<\/p>\n\n\n\n

The decision comes amid White House pressure for the Fed to keep rates unchanged. Council of Economic Advisers Chairman Christopher Phelan said raising rates would be a \u201cmistake,\u201d pointing to improving inflation trends.<\/p>\n\n\n\n

August CPI rose 3.4% year over year, down from 4.2% in May, although core inflation increased more than expected.<\/p>\n\n\n\n

Oil prices jumped after reported Saudi shipment cancellations following drone attacks, while Treasury yields climbed above 5%. U.S. stocks fell Tuesday, with the S&P 500 down 0.45% and Nasdaq Composite down 0.78%, as technology shares weakened.<\/p>\n\n\n\n

 Upcoming Events:<\/strong><\/p>\n\n\n\n

\u25cf       12:30 PM    GMT   –   USD   Core Retail Sales m\/m

<\/p>\n","protected":false},"excerpt":{"rendered":"

Global Markets: \u25cf         Asian Stock Markets : Nikkei […]<\/p>\n","protected":false},"author":8,"featured_media":79441,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-83873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/83873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/comments?post=83873"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/83873\/revisions"}],"predecessor-version":[{"id":83874,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/83873\/revisions\/83874"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media\/79441"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media?parent=83873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=83873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=83873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}