Futures fall as Fed gives no clarity on next rate hike

On Thursday, US Stock Index Futures fell after the Federal Reserve gave minimum insight into whether it would raise interest rates at its next meeting, even as the central bank painted an upbeat picture of the economy.

According to Reuters, the Fed left interest rates unchanged on Wednesday but gave no firm signal of a hike in March, as it awaits more clarity on President Donald Trump’s fiscal policies, adding another layer to the uncertainty triggered by his recent comments and decisions.

the Dollar dropped to a near 12-week low of 99.23 against a basket of major currencies. Investors are also closely watching comments from the US administration that could root short-term volatility in the market. Meanwhile, Wall Street was lifted by a rise in Apple (AAPL.O) after the company reported strong results, but the S&P 500 and the Dow cut most of their gains at the close due to losses in Energy and Utilities.

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