June 17, 2015- Stocks Edge Higher Ahead of Fed Meeting

Trading in the U.S. index futures suggest that Wall Street stocks may open Wednesday's session higher. Among the global markets, Asian stocks ended mostly higher, although the Japanese markets retreated modestly, while the European markets are trading lower. The dollar is mixed and commodities are mostly lower even as oil is advancing moderately. Bond yields are relenting. On the Greek debt front, exchanges between both parties, namely Greece and its creditors, are getting heated up, with no end at sight to the crisis. At the same time, traders are likely to focus on the FOMC announcement and Fed Chair Janet Yellen's press briefing. Although no change is expected, the language of the statement and Yellen's comments could give hints concerning the timing of interest rate normalization. The Dow futures are rising 54 points, the S&P 500 futures are moving up 5.75 points and the Nasdaq 100 futures are adding 9.75 points.