S&P 500 Futures Flat Ahead of Federal Reserve Policy Announcement

S&P 500 futures showed minimal movement on June 17, 2026, as investors anticipated the Federal Reserve's latest policy announcement. S&P 500 futures (ES=F) edged up 0.05%, while Nasdaq 100 futures (NQ=F) saw a slight 0.03% decline ahead of the Federal Open Market Committee (FOMC) statement and Chair Jerome Powell's press conference. The Fed is broadly expected to keep its benchmark interest rate unchanged. Market focus will be on the updated economic projections and any signals regarding the timing of potential future rate cuts. Recent data, including a cooler-than-expected Consumer Price Index (CPI) for May and a surprise decline in the Producer Price Index (PPI), had previously bolstered hopes for earlier rate reductions.