
Pre-open movers
U.S. stock futures traded higher in early pre-market trade after the Dow Jones dropped around 150 points in the previous session. The Federal Reserve is set to announce its policy decision at 2:00 p.m. ET, with the country’s central bank projected to increase its fed funds target range by 50 basis points. The Fed Chairman Jerome Powell will hold a press conference at 2:30 p.m. ET.