U.S. stock futures are pointing higher as investors await today’s Federal Reserve interest-rate decision and comments from Chair Jerome Powell; Nvidia (NVDA) shares are barely higher in premarket trading after falling yesterday when comments from CEO Jensen Huang did not impress investors; Morgan Stanley (MS) reportedly is planning to cut back its workforce by about 2,000 positions; and Signet Jewelers (SIG) stock is soaring after it reported stronger-than-expected fourth-quarter results. Here’s what investors must know today.

U.S. stock futures are pointing higher ahead of today’s closely watched Federal Reserve interest-rate decision and remarks from Chair Jerome Powell. Nasdaq futures are up 0.4% after the tech-focused index shed 1.7% yesterday. Dow Jones Industrial Average and S&P 500 futures are also edging higher after the indexes posted losses Tuesday. Bitcoin (BTCUSD) is greater than 1% higher to trade at nearly $84,000, while gold futures are also advancing. The ten-year Treasury yield and oil futures are little modified.

The Federal Reserve is anticipated to maintain its influential federal funds rate at its current range of 4.25% to 4.5% when it concludes its meeting today at 2 p.m. ET. With inflation remaining higher than the goal of two%, Fed officials have said they were taking a “wait-and-see” approach to the economy given President Donald Trump’s sweeping recent economic policies. Later, Fed Chair Powell is prone to offer fresh insight on the economy in his remarks, which could impact markets.

Nvidia (NVDA) stock is up 1% in premarket trading after investors reacted negatively to remarks from CEO Jensen Huang at the corporate’s GTC conference yesterday, with shares closing down nearly 3.5%. During a two-hour presentation, Huang provided updates about Nvidia’s Blackwell and next-generation Rubin chips, and announced a recent partnership with General Motors (GM) to coach AI manufacturing models. Early Wednesday, Microsoft (MSFT) and BlackRock (BLK) announced that Nvidia and xAI can be joining their renamed AI Infrastructure Partnership.

Morgan Stanley (MS) is planning to chop about 2,000 employees later this month, the primary major workforce reduction under CEO Ted Pick, Bloomberg reported. The cuts will come from across the corporate of roughly 80,000 employees, though the firm’s team of about 15,000 financial advisers won’t be included within the layoffs, the report says. Morgan Stanley shares are up lower than 1% in premarket trading.