Australian stocks are poised to start straight straight down installment loans maryland as Wall Street's rally had been cut brief by reviews from Federal Reserve president Jerome Powell.
ASX futures had been down 10 points or 0.1per cent to 6954 at about 8.30am AEDT. The currency that is local 0.2percent lower.
Fed policymakers early in the day instantly opted to keep the main bank's key price range unchanged, as expected. It made several changes that are technical other prices. The policymaker statement that is latest had small initial impact on markets.
"the 2 small wording modifications recognising the cooling in home investing and below-target inflation go the financial characterisation very somewhat into the dovish direction, but don't tip the scales in a significant way, " TD Securities senior economist James Marple.
"the choice to expand term and instantly repos, whilst not a shock, will likewise be greeted absolutely by economic areas. "