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Wall Street little changed ahead of Federal Reserve minutes

Investors are also awaiting more details regarding the Fed trimming its $4.5 trillion balance sheet

Reuters 

US stocks were little changed in early trading on Wednesday as investors awaited Federal Reserve minutes of its May meeting that could cement the chances of a rate hike next month. Fed funds futures show that traders now see a 75 per cent chance that the US central bank will raise interest rates in June. The minutes will be released at 2 p.m. ET (1600 GMT). Investors are also awaiting more details regarding the Fed trimming its $4.5 trillion balance sheet. "Our US economists expect the minutes to come down on the hawkish side and continue to expect the Fed to hike in ...

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First Published: Wed, May 24 2017. 21:06 IST
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