US stocks traded mixed as investors shifted their focus from midterm elections to the central bank's monetary policies.
The Nasdaq Composite Index lost 18.33 points, or 0.24 per cent, to 7,552.42.
The Federal Reserve is expected to release a statement after its two-day meeting which concluded on Thursday.
The Fed has already raised interest rates three times this year and the market largely expects another hike before the year end.
Concerns about the pace of interest rate hikes led to market volatility last month.
The major stock indices had posted sharp gains following the US midterm elections. All three major indices jumped more than 2 per cent.
Investors were bullish following the election results as they believed that gridlock in Washington would help the market.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)