US STOCKS-Wall St set to open flat ahead of Fed meeting, results
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By Abhiram Nandakumar
Oct 26 (Reuters) - U.S. stocks were set to open little changed on Monday as investors paused ahead of a Federal Reserve policy meeting and key earnings reports later this week.
The Fed will issue a statement on Wednesday, after a two-day meeting, which will scrutinized by investors for a bearing on when the central bank could raise interest rates.
While Fed Chair Janet Yellen has said the central bank could raise rates this year, it will do so only if there are clear signs of sustained economic growth.
Traders are pricing in only a 6 percent chance of rates being increased at this week's meeting and a 39 percent chance of a December hike, according to CME Group's FedWatch program. Continuación...