The stock market is drifting as Wall Street waits to hear from the Federal Reserve regarding interest rates www.chicoer.com . Investors are closely watching the June 16-17 FOMC meeting to gauge the central bank's monetary policy direction www.kiplinger.com .

Market Sentiment

Trading volume has been relatively light as traders adopt a wait-and-see approach ahead of the pivotal announcement www.chicoer.com . The drift reflects uncertainty about whether the Fed will maintain its current stance or signal future adjustments finance.yahoo.com .