Wall Street Likely To Open Flat; Fed Announcement In Focus

Subdued futures point to a flat to slightly negative start on Wall Street Wednesday morning. The focus will be on the Federal Reserve’s monetary policy announcement due later in the day.

The Fed is widely expected to leave interest rates unchanged, but the accompanying statement and new Chair Kevin Warsh’s post-meeting comments could impact the outlook for rates.

Investors will also be reacting to retail sales data for the month of May, and pending home sales report, and looking ahead to the signing of a peace deal by Washington and Tehran later this week in Switzerland.