Futures for the Dow Jones Industrials dropped 53 points, or 0.2%, to 34,231.
Futures for the S&P 500 fell 15.5 points, or 0.4%, to 4,403.
Futures for the NASDAQ Composite swooned 103 points, or 0.7%, to 15,096.25.
Fed Chair Jerome Powell said during a post-meeting press conference that the Federal Open Market Committee would use the six weeks until its next meeting to “take into account the cumulative tightening of monetary policy.”
Additional economic data releases Thursday morning will give investors and policymakers better insight on the strength of the labour market and consumer spending. Weekly jobless claims numbers and retail sales for May are set to be released tomorrow morning. Investors will also keep an eye on the Philadelphia Fed’s June manufacturing survey, as well as the Fed’s May industrial production and capacity utilization numbers.
Wall Street will be looking at a handful of corporate earnings. Kroger, Jabil and John Wiley are scheduled to announce earnings Thursday morning, with Adobe reporting after the close.
In Japan, the Nikkei 225 dropped 0.1% Thursday, while in Hong Kong, the Hang Seng index gained 2.2%.
Oil prices gained 71 cents to $68.98 U.S. a barrel.
Gold prices faltered $29.00 to $1,939.90. U.S. an ounce.