Market Insider

Wall Street looks to Yellen for possible end of jobless target

The Federal Open Market Committee on Wednesday concludes its two-day policy-setting session, and is widely expected to continue its current path of tapering while holding its benchmark interest rate near zero.

The fireworks, if there are any, should come 30 minutes after the release of the FOMC decision, at the afternoon news conference, Janet Yellen's first press conference as Fed chair.

Stocks were largely flat in early trading Wednesday, as the market watched and waited.

"There are a number of things we're going to be looking for in the press release, but more importantly in the news conference after; this is a new Fed chairperson," said Paul Mangus, managing director of equity research and strategy at Wells Fargo Wealth Management.