India, June 17 -- The major U.S. index futures are currently pointing to roughly flat open on Wednesday, with stocks likely to show a lack of direction following the mixed performance seen in the previous session.
Traders may be reluctant to make significant moves ahead of the Federal Reserve's monetary policy announcement later this afternoon.
While the Fed is widely expected to leave interest rates unchanged, the accompanying statement and new Chair Kevin Warsh's post-meeting comments could impact the outlook for rates.
Lingering uncertainty about the preliminary U.S.-Iran deal may also keep some traders on the sidelines amid a lack of details about the proposed agreement.
Crude oil prices are regaining some ground after President Don...