US futures are indicating a flat open today. European equity markets are trading slightly lower, while Asian markets finished mixed. In top stories, the debate over the Fed’s upcoming rate decision remains front and center. The market is pricing in a 63% chance of a 50-basis point rate cut at today's FOMC meeting, though economists are leaning toward a 25-basis point reduction. The updated Summary of Economic Projections will be closely watched, with forecasts suggesting 75 basis points of cuts in 2024. However, market pricing implies as much as 110 basis points in cuts by year-end.

Companies Mentioned: Google, BlackRock, Microsoft, Brookfield Asset Management, NVIDIA, Nippon Steel, United States Steel