U.S. equity futures are modestly higher on expectations the Federal Reserve will cut rates 25 bps at tonight’s decision UAE time, with markets pricing more easing into year-end.

U.S. equity futures are modestly higher on expectations the Federal Reserve will cut rates 25 bps at tonight’s decision UAE time, with markets pricing more easing into year-end. As usual, the UAE Central Bank is expected to move in tandem given the dirham’s USD peg. Retail sales data are also in focus for the U.S. consumer picture.