US Stock Futures Rise as Markets Brace for Fed Rate Hike 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
UK Inflation Rises to 3.1% Ahead of BoE Rate Decision 
US Stocks Rise Ahead of Fed Rate Decision 
Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions 
Iran Economic Crisis Forces Afghan Families to Return Home 
Oil Prices Fall as U.S. Crude Inventories Rise, Middle East Risks Persist 
Asian Currencies Mixed as Dollar Hits Seven-Week High After Fed Hike 
Asian Currencies Mixed as Dollar Holds Gains After Fed Rate Hike 
Hong Kong Unveils First Five-Year Plan to Boost Finance, Tech and Housing 
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The U.S. Treasuries gained during Wednesday’s afternoon session, ahead of the Federal Reserve’s monetary policy meeting, scheduled to be concluded today by 23:30GMT, and the country’s ADP non-farm employment change for the month of July, also due today by 12:15GMT.
The yield on the benchmark 10-year Treasury yield slipped nearly 1-1/2 basis points to 2.049 percent, the super-long 30-year bond yields also fell 1-1/2 basis points to 2.570 percent and the yield on the short-term 2-year traded nearly 2 basis points lower at 1.830 percent by 12:00GMT.
"The main event today will of course by the FOMC announcement, where ere a cut of 25bps is widely expected, taking the FFR target range to 2.00-2.25 percent. While some recent US data have surprised to the upside, we expect the policy statement and Chair Powell to adopt a broadly dovish tone, highlighting underscoring the downside risks to the outlook from abroad and concerns that US inflation will remain below target for far longer than originally anticipated, and therefore leaving the door open for further cuts this year," Daiwa Capital Markets commented in its latest report today.
Meanwhile, the S&P 500 Futures remained tad -0.26 percent lower at 3,017.62 by 12:05GMT.
