S&P 500 futures edge higher as oil climbs; investors await Fed rates decision: Live updates - CNBC

Core Impact Points

• S&P 500 futures are trading higher as oil prices rise, driven by the escalating tensions between the US and Iran.
• The Federal Reserve's interest rate decision is expected to have a significant impact on the US economy, with investors closely watching for any changes in monetary policy.
• The ongoing conflict in the Middle East has led to a surge in oil prices, which could have far-reaching implications for the US economy and consumers.
• Major US stock indices, including the Dow Jones and Nasdaq, are expected to be affected by the Fed's decision and the rising oil prices.
• Several major companies, including Seagate, SK Hynix, KLA, and Bloom Energy, are set to report their earnings later this week, which could provide further insights into the health of the US economy.
• The US economy is closely tied to the global economy, and the ongoing conflict in the Middle East could have a ripple effect on global markets and trade.