S&P 500 Futures Today: What Traders Are Watching After Monday’s Market Pullback

• European stocks rose from three-month lows as investors waited for an upcoming interest rate decision from the U.S. Federal Reserve. • The European Central Bank recently raised its benchmark deposit facility rate, which is the interest rate banks receive for depositing funds overnight, to 2.50%.

• The euro area recorded a €14.2 billion surplus in trade in goods with the rest of the world in July 2026. • Exports of goods rose 9.0% compared to July 2025, reaching a total of €276.0 billion.

• Traders are pricing in a 93% chance of a Federal Reserve interest rate hike ahead of this week's meeting following a bond sell-off and persistent August inflation. • Market participants believe the Fed rarely deviates from rate decisions when conviction is this high, meaning a surprise hold could trigger a sharp rally in short-term bonds.

• The Federal Reserve began its September policy meeting on Tuesday to decide whether to raise interest rates on Wednesday. • Investors estimate a 93% probability that the central bank will increase rates by 25 basis points to a new range of 3.75%-4%.

• European Central Bank Governing Council member Pereira stated during a London event that inflation is not broadening as quickly as it did in 2022. • The remarks were delivered at a European Economics and Financial Centre event held at the Portuguese embassy.

• The STOXX Europe 600 index rose 0.4% on Wednesday as European stock markets stabilized. • Investors paused trading activity to wait for the Federal Reserve's upcoming decision on interest rates.

• European stock markets experienced their strongest rally in one month recently as investors anticipated a decision on interest rates from the U.S. Federal Reserve. • The surge in equity prices occurred alongside a pause in oil price gains after U.S. inventory increases offset supply concerns in the Middle East.

• Indian equity markets rebounded on September 16, with the Sensex gaining 333 points and the Nifty rising 99 points following a sharp sell-off on Tuesday. • Large-cap stocks led the recovery, while broader markets declined and trading activity centered on Groww, Paytm, and Pine Labs.

• Federal Reserve Chairman Kevin Warsh stated at Jackson Hole that economic trends are the most important factor in making monetary policy decisions. • Warsh has established task forces to examine how the Federal Reserve can improve its approach to managing the economy.

• The Euro is trading near a one-month low against the US Dollar on Tuesday as rising US Treasury yields strengthen the greenback. • Market participants expect the US Federal Reserve to raise interest rates to a range of 3.75%-4.00% during its policy announcement on Wednesday.

• The US Federal Reserve is scheduled to announce its interest rate decision at 11:30 PM IST today, September 16. • Fed Chair Kevin Warsh will hold a press conference to discuss the decision at 12:00 AM IST on September 17.