Futures for the S&P 500 dipped 0.2% before the bell, while the Dow Jones Industrial Average gave up 0.4%.
Investors are hoping the Fed declares victory and starts rolling back rate increases late this year despite repeated warnings from Chair Jerome Powell that the cost of borrowing could be kept high for an extended period. Wall Street's benchmark S&P 500 index gained 1.5% after data showed U.S. wage growth slowed in late 2022. Traders took that as a sign the Fed might decide its effort to slow economic activity is taking effect.
The latest round of corporate profit reports have been mixed and a slate of big tech earns are on the way. Facebook parent Meta reports after the bell Wednesday, followed by Alphabet, Amazon and Apple on Thursday, as well as Ford and Starbucks. The Kospi in Seoul rose 0.4% to 2,433.39 after data showed South Korea's exports plunged 16.6% from a year earlier in January. December industrial production fell 2.9% from the previous month.
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