US STOCKS-Wall St little changed ahead of Fed statement
* Fed statement at 2 pm ET
* Core CPI beats expectations
* Indexes down: Dow 0.09 pct, S&P 0.08 pct, Nasdaq 0.13 pct (Updates to open)
By Abhiram Nandakumar
March 16 (Reuters) - U.S. stock indexes were little changed 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.
A report by the Labor Department showed core consumer price index (CPI), which excludes energy and food prices, rose more than expected in February. The improvement is likely to bolster the Fed's case for tightening monetary policy.
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.
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. Continuación...