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Stock market news live updates: Stock futures mixed after earnings, Fed decision - Yahoo Finance
Jul 28, 2021 1 min, 35 secs
Stock futures searched for direction Wednesday evening amid a mixed batch of corporate earnings results and a Federal Reserve decision that signaled the central bank was still looking for the U.S.

Investors also continued to digest a Federal Reserve decision that signaled the central bank was moving closer to, but not yet quite at the point of, announcing and beginning a roll-back of its crisis-era policies.

Specifically, the Federal Open Market Committee's latest statement said that the "economy has made progress toward" the central bank's goals of achieving substantial further progress in the recovery, but that "the Committee will continue to assess progress in coming meetings." .

"We have progress, but not substantial further progress," Paul Ashworth, chief U.S.

"It's hard to say definitively whether this is hawkish or not since, maddeningly, what qualifies as substantial further progress has not been quantified and seems to mean something slightly different to each FOMC participant." .

Treasuries and agency mortgage-backed securities, though Federal Reserve Chair Jerome Powell signaled in his Wednesday press conference that the time to taper these could come "in the coming meetings.".

Emily McCormick is a reporter for Yahoo Finance.

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