Wall Street Reverts To Caution After Fed’s Non-Committal Stance

With the Fed meeting past, the markets have chosen to tread cautiously after reacting positively to the policy statement released on Wednesday. The major U.S. index futures now point to a narrowly mixed opening. The dollar is firmer with the markets factoring in a September or December rate hike, given the likelihood that Chair Janet Yellen can calm the markets at the press conference that would accompany each of these meetings.