Wall Street Futures Decline Ahead of Fed Meeting Amid Rising Oil Prices and AI Stock Concerns

U.S. equity futures are pointing to further losses as Wall Street anticipates a crucial two-day Federal Reserve policy meeting. Market sentiment is being pressured by continued increases in oil prices, driven by ongoing conflict in the Middle East and the shutdown of Saudi Arabia's East-West pipeline, which is squeezing global crude flow. Additionally, artificial intelligence (AI) related stocks are experiencing declines due to growing safety concerns following calls from major AI leaders to slow the technology's development.