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Story perspectives

US Markets Steady as Fed Decision Looms Amid Mixed Signals

9/26/2025

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Story summary
  • US equity futures were unchanged ahead of the Fed decision.
  • The Standard & Poor's 500 (S&P 500) faces its first weekly decline this month.
  • Asian stocks fell on high valuations and mixed Fed signals.
  • Fed officials expressed differing views on rate cuts.
  • President Donald J. Trump proposed a 100% levy on branded pharmaceuticals, which would affect Daiichi Sankyo and Takeda.