US STOCKS-Wall St set to open little changed as Fed meet eyed
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By Abhiram Nandakumar
Dec 14 (Reuters) - U.S. stocks were set to open little changed on Monday as investors brace for a widely expected rate hike and crude prices flirted with their 11-year lows.
Traders expect an 85 percent chance the Federal Reserve will lift its target rate range to 0.25 percent to 0.50 percent from the current zero to 0.25 percent, according to CME Group's FedWatch program.
The central bank kicks off a two-day policy meeting on Dec. 15 to decide on interest rates.
Global stock markets were volatile on Monday as China's yuan hit a multi-year low and oil slid to a near 11-year low. Exxon and Chevron shares were down 1 percent.
The S&P 500 ended its worst week since August on Friday as crude prices continued to slide due to oversupply worries. Continuación...