by Oliver Gray
Investing.com – U.S. stock futures traded slightly higher during overnight trades, after major benchmark indexes posted their biggest weekly losses in 3 months, with investors remaining cautious amid persistent inflation fears ahead of the two-day Federal Reserve meeting and later from this week.
By 7:10 PM ET (11:10 PM GMT) it was up 0.2% each, while it was flat at 11862.7.
Ahead of that week, market participants will focus closely on the Federal Reserve’s decision after a higher-than-expected reading that boosted expectations for a third consecutive rate hike of 0.75%, and to raise the Fed funds rate to a target range of 3% to 3.25%.
Investors will be watching, too, as well on Thursday.
On the corporate earnings front, companies including Darden Restaurants Inc (NYSE:), Costco Wholesale Corp (NASDAQ :), general mills Inc (NYSE 🙂 and linar NYSE: is due to announce the results.
During Friday’s trading, it fell by 139.4 points or 0.5% to 30822.4, and fell by 28 points or 0.7% to 3873.3, and lost 104 points by 0.9% to 11448.4.
In the bond markets, returns were 3.451%.