NEW YORK - Stocks pointed to a lower opening Wednesday as investors responded to a plunge in Chinese stocks and grew increasingly wary ahead of the Federal Reserve's release of minutes from its latest meeting.
On May 9, after keeping interest rates steady, the Fed stated that curbing inflation remains its top priority. Most on Wall Street are hoping the Fed minutes, scheduled to be released at 2 p.m., will indicate that policy makers are not leaning toward a rate hike, and instead are more likely to lower rates by the end of the year.
Meanwhile, investors were already reacting to a decline in Asian markets, triggered by Beijing tripling a tax on stock trading in an effort …
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