India, Jan. 29 -- Following the rebound seen in the previous session, stocks may move back to the downside in early trading on Wednesday. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.3 percent.
Concerns about the outlook for interest rates may weigh on the markets ahead of the Federal Reserve's monetary policy announcement this afternoon.
With the Fed widely expected to leave interest rates unchanged, traders will pay close attention to the accompanying statement as well as Fed Chair Jerome Powell's post-meeting press conference.
Recent economic data has led to worries about the Fed leaving rates on hold for a prolonged period, but many economists still expect the cent...