How might the Fed’s decision affect US markets on Wednesday?

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US equity futures are holding steady ahead of the Fed’s policy decision, after benchmark indices returned to positive ways on Tuesday. The S&P 500 ended a run of four consecutive days of losses, which had been its longest losing stretch since September.

The 3700 level remains a tough barrier to break for the time being. However, given the tailwinds in play, it should only be a matter of time before the bulls can attain critical mass to push this benchmark to new record highs.

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