September 17, 2014- Stocks Remain Gaurded Ahead of Fed Decision

Trading in the U.S. index futures suggests that Wall Street stocks may open little changed on Wednesday, as traders await the Fed decision. Although the Fed is unlikely to tinker with interest rates and the pace of reduction in its asset purchase program, the markets are bracing for a message from the Fed concerning the itinerary for interest rate normalization. Ahead of the Fed decision, the results of a homebuilder sentiment survey may also create some ripples in the markets. The Dow futures are adding 9 points, the S&P 500 futures are moving up 0.70 points and the Nasdaq Composite futures are moving down 1 points. U.S. stocks advanced solidly on Tuesday despite monetary policy fears, as the pullback by the dollar triggered strong buying in commodities.