U.S. stocks appear to be on the back foot early on Tuesday, with index futures trading modestly lower in early pre-market activity. Caution reigns supreme as traders anxiously await the Federal Reserve’s interest rate decision on Wednesday. A hawkish stance, either in the post-meeting policy statement or Fed Chair Jerome Powell’s remarks, could trigger a market pullback. However, recent scorching inflation data has already tempered market expectations for rate cuts. Adding to the market’s volatility, the busy earnings season commences this week. Company results and their outlooks for the futur…
