Currently, the major averages are turning in a mixed performance. While the S&P 500 is up 0.80 points or less than a tenth of a %, the Dow is down 11.88 points or 0.1% at 16,796.61 and the Nasdaq is down 6.66 points or 0.2% at 4,330.58.
The choppy trading on
While the Fed is likely to leave interest rates unchanged, the central bank is widely expected to announce another
The impact to the markets is more likely to stem from the language of the accompanying statement as well as any changes to the outlook for the economy and interest rates.
"If members predicted the first rate hike in the middle of 2015 under previous assumptions, what will they think today under new ones? Their credibility is on the line if they ignore that the facts are now different," he added.
Not long after the announcement, Fed Chair
Yellen may be more cautious than during her first post-meeting press conference, when she triggered a sell-off on
Most of the major sectors are showing only modest move in early trading, contributing to the lackluster performance by the broader markets.
Utilities and transportation stocks are seeing some strength, while modest weakness is visible among housing and semiconductor stocks.
Among individual stocks, shares of
On the other hand, shares of
In overseas trading, stock markets across the
The major European markets have also turned mixed on the day. While the French CAC 40 Index has edged down by 0.1%, the German DAX Index and the
In the bond market, treasuries are seeing modest strength after moving notably lower over the course of the previous session. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, is down by 2.2 basis points at 2.633%.
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