Stock index futures are down this morning as investors await the Federal Reserve’s interest rate decision. In yesterday’s trading, major indexes ended mixed, with AutoZone, JPMorgan Chase, and Toll Brothers posting losses. Ares Management saw gains after being added to the S&P 500 index. The Labor Department reported a rise in job openings, while the Conference Board’s leading economic index fell. The Fed is expected to deliver a 25 basis point rate cut today. White House Director Kevin Hassett believes there is room for further rate cuts. Economic data and earnings reports will also be in focus today. Italy and China released industrial production data, while Japan’s Nikkei 225 closed slightly lower. Pre-market stock movers include GE Vernova. A busy day ahead for U.S. earnings, including Oracle and Adobe.

Read more at Barchart: Stock Index Futures Dip Amid Caution Ahead of Fed Rate Decision