The U.S. markets opened higher as investors awaited the FOMC meeting. Trump proposed semi-annual earnings reports, Elon Musk bought $1B in Tesla stock, and CoreWeave and Nvidia signed a $6.3B deal. Fed Governor Lisa Cook’s property status was clarified. U.S. stock futures are up, with the Fed expected to cut interest rates.

Investors anticipate a rate cut from the Fed, which may not significantly impact the market due to previous expectations. Analysts predict three rate cuts by year-end. This week, earnings reports from major companies like General Mills and FedEx are expected. Economic data releases will provide insight into future Fed actions.

Read more at Yahoo Finance: S&P 500, Nasdaq set records as market anticipates Fed rate decision