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TGT

Futures Soften as Rally Suspended Before FOMC Minutes

Futures are trading flat to slightly lower into today's Federal Open Market Committee meeting minutes with disappointing financial results from Lowe's ( LOW ) and Target ( TGT ) , a sell-off in UK equities and two days of impressive gains encouraging a much more cautious tone.

Although the FOMC is unlikely to change its policy stance dramatically, Wall Street is positioning for more hawkish language regarding the landscape for higher U.S. rates including an improvement in the housing market, less job market slack, and consistent strength in production. The FOMC minutes will be released at 2:00ET.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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