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Stocks Muted Ahead of Fed

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The Federal Open Market Committee meets Tuesday and Wednesday, and is scheduled to announce its monetary-policy decision on Wednesday.

U.S. stock futures are little changed Sunday evening as investors look ahead to the Federal Open Market Committee’s closely watched meeting on Tuesday and Wednesday and its monetary-policy decision on Wednesday.

Crude oil futures gained 0.3% to $91 a barrel. Brent crude, the international standard, rose 0.1% to $94.03 a barrel. This week’s notable economic events include: On Monday, the National Association of Home Builders releases its Housing Market Index for September. On Wednesday, the Federal Open Market Committee concludes a two-day meeting and announces its monetary-policy decision. Futures markets are overwhelmingly pricing in no change in the fed-funds rate, currently at 5.25% to 5.50%.

 

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