Wall Street Under Pressure Ahead of Fed Decision: Eyes on Interest Rates

US markets opened lower as investors await the Federal Reserve's (Fed) interest rate decision. Rising inflationary pressures, tensions with Iran, and the possibility of a hawkish rate decision have increased selling pressure. The Dow Jones index fell 0.14% to 52,674.21 at the opening, while the S&P 500 index lost 0.14% to 7,418.16.The Nasdaq index started trading at 24,863.48, down 0.05%. Selling accelerated before the session, with the Dow Jones index plummeting 750 points at one point, and investors continuing to exit tech stocks. The Fed's rate decision and Chairman Kevin Warsh's subsequent messages will be crucial for market direction.The escalating tensions in the Middle East are also increasing uncertainty in global markets. Rising oil prices and concerns over energy supply risks are keeping investors on edge. As of 16:30 TSİ, Brent crude oil prices rose 6.7% to $89.73 per barrel, while West Texas Intermediate (WTI) crude oil traded at $84.5 per barrel.