US Stock Market Today: S&P 500 Futures Edge Higher As Fed Rate Decision Looms

The Morning Bull - US Market Morning Update Thursday, Sep, 17 2026 US stock futures are pointing mildly higher this morning, with E-mini S&P 500 contracts up about 0.2%, as investors brace for the Federal Reserve's first rate hike since 2023. The target range is expected to move to 3.75% to 4.00%, which means loan and mortgage costs could edge up from here. At the same time, the US 10 year Treasury yield is sitting near 5%, a level that keeps pressure on everything from credit cards to corporate borrowing. The key question now is whether higher borrowing costs hurt interest sensitive areas like real estate and utilities more than they support bank and financial shares.