US STOCKS-Futures advance ahead of two-day Fed meet

U.S. stock index futures rose on Tuesday as upbeat data from China revived optimism around an economic rebound, while investors looked for more stimulus from the Federal Reserve as the central bank kicks off a two-day meeting. In its first policy meeting since Fed Chair Jerome Powell announced a more accommodative stance on inflation, the central bank could switch its Treasury purchases toward more long-dated debt to keep long-term yields low, some strategists said. Expectations from the Fed have increased amid a stalemate in talks for fiscal relief and a sharp pullback in heavyweight technology stocks earlier this month that brought Wall Street’s dramatic stimulus-fuelled rally to a halt.


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HEDGE accordingly