Wall Street, a flat presence on Wednesday
Wall Street futures opened flat on Wednesday while markets expect the Federal Reserve's decision on monetary policy.
The S&P 500 futures went down 0.03%, the Dow tumbled 0.06% and the Nasdaq 100 futures went up 0.05%.
The Federal Reserve is expected to confirm rumors for a 25 basis point in interest rates. Despite that, the meeting will be more likely focused on the updated economic forecasts for 2017.
Fed Chief Janet Yellen will follow the Wednesday's meeting by a press conference that will discuss the increases for 2017.
There were analysts that were betting that the dot plot will be the same, showing the same results as in September to two rate hikes in 2017.
This happens due to recent polls that shows that investors think that there will be thee increases in 2017. The next monetary policty is currently expected for June 2017.
While waiting, the U.S. dollar index tumbled against six major currencies, going down 0.17% to 100.91.
Gold rose on Wednesday, trading at $1,164.35 per ounce, rising from its Monday's low, when gold traded at $1,162.95 .
Markets also wait for November Retail Sales, Producer Prices,October Business Inventiories and November Industrial Production.
Meanwhile, oil went lower Wednesday due to investors waiting for U.S. crude inventories' data. Other reason for oil prices going down was the report from the International Energy Agency, that declared that it thinks that OPEC pumped 34.2 million barrels per day of crude oil in November, upsetting the efficacy of the recent deal on crude oil production.
This way, U.S. crude oil futures went down to $52.23 , falling 1.42%.
Brent oil traded at $54.98, down by 1.33%.
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On Wednesday, Federal Reserve Chair Janet Yellen spoke about the interest rates and about the United States' economy
The gold prices dropped below $1.200
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