New Delhi, Dec. 8 -- Wall Street stocks opened Monday trading with gains as investors focused on the Federal Reserve's final monetary policy decision of the year, scheduled for release later this week.

Markets are strongly positioned for the US central bank to announce another interest rate cut when the Federal Open Market Committee (FOMC) concludes its meeting on Wednesday. While the expected rate reduction is largely priced in by the stock market, the primary focus for investors will be on the signals provided by Fed Chair Jerome Powell.

Traders will closely scrutinize Powell's press conference and the FOMC's updated economic projections for any indication regarding the future trajectory of monetary policy and the pace of potential ra...