US STOCKS-Wall St set to open lower ahead of Fed statement
* Fed statement at 2 pm ET
* Core CPI beats expectations
* Futures down: Dow 34 pts, S&P 6 pts, Nasdaq 8.75 pts (Adds details, comment, updates prices)
By Abhiram Nandakumar
March 16 (Reuters) - U.S. stock indexes were set to open slightly lower on Wednesday, as investors awaited the outcome of a Federal Reserve meeting on monetary policy.
While the central bank is expected to leave interest rates unchanged, investors will keep a close eye on its commentary for clues on the path of future hikes.
Financial markets have recovered from a heavy selloff in the first two months this year, but remain cautious as improving conditions could push the Fed to tighten its policy sooner than expected.
Economists polled by Reuters are looking at two possible rate hikes in 2016, but financial markets are pricing in only one hike of 25 basis points.
Global markets dipped ahead of the Fed statement, which is expected at 2 p.m. ET (1800 GMT). Fed Chair Janet Yellen is scheduled to hold a press conference at 2:30 p.m. Continuación...