US STOCKS-Wall St set to open flat as investors await Fed minutes

miércoles 17 de agosto de 2016 08:41 GYT

* Fed to release July meeting minutes at 2:00 p.m. ET

* Target drops on profit forecast cut

* Urban Outfitters jumps on surprise rise in comparable sales

* Futures: Dow down 17 pts, S&P up 0.25 pts, Nasdaq up 5 pts (Adds details, comments, updates prices)

By Yashaswini Swamynathan

Aug 17 (Reuters) - Wall Street looked set to open little changed on Wednesday as investors held off from making big bets ahead of the release of the minutes of the Federal Reserve's July policy meeting.

The Fed left interest rates unchanged at its meeting last month but said near-term risks to the economy had diminished, leaving the door open for a possible rate hike this year.

Investors will parse the minutes, due at 2:00 p.m. ET, for hints about when the Fed could next raise rates, especially in light of New York Fed President William Dudley's hawkish comments on Tuesday.

Dudley, a permanent voting member and a close ally of Fed Chair Janet Yellen, said a rate hike as soon as September was possible given evidence of wage gains and a tighter labor market.   Continuación...