US stocks pause ahead of Fed's first rate decision under new chair

U.S. equity markets opened modestly lower on Tuesday as investors awaited the Federal Reserve's inaugural interest‑rate decision under Chairman Kevin Warsh. Traders were cautious amid lingering uncertainty in the oil market, where Houthi attacks in the Red Sea kept prices volatile and concerns remain about a smooth resumption of shipments. While the broader market steadied, the day also saw continued activity from SpaceX, which proceeded with a high‑profile launch.

The subdued trading environment reflected a broader waiting game, with analysts watching for signals on monetary policy that could shape liquidity and capital flows in the coming months.