US STOCKS-Wall St little changed as investors await Fed statement

miércoles 16 de marzo de 2016 11:21 GYT

* Fed statement at 2 pm ET

* Core CPI beats expectations

* Indexes up: Dow 0.07 pct, S&P 0.07 pct, Nasdaq 0.22 pct (Adds details, changes comment, updates prices)

By Abhiram Nandakumar

March 16 (Reuters) - Wall Street was little changed on Wednesday morning as investors waited on the sidelines for the outcome of the U.S. Federal Reserve's 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.

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.

"We are treading water," said Kim Forrest, research analyst at Fort Pitt Capital Group in Pittsburgh. "Everyone's waiting for the language to come out from the Fed."

Global markets dipped, and the dollar rose, ahead of the Fed's 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...