US STOCKS-Futures flat as investors hold off ahead of Fed meeting

miércoles 16 de septiembre de 2015 07:24 GYT

* Futures: Dow up 9 pts, S&P unchanged, Nasdaq up 4 pts

By Tanya Agrawal

Sept 16 (Reuters) - U.S. stock index futures were little changed on Wednesday as investors held off on making big bets ahead of the two-day Federal Reserve meeting that will decide on an interest rate hike.

* All eyes will be on the Fed as it begins its meeting later on Wednesday and holds a conference on Thursday, when it will announce if it will raise long-term interest rates for the first time since June 2006.

* Speculation about when the Fed will end seven years of near-zero interest rates has dogged Wall Street for several months, with the picture complicated by recent market turbulence that some see as justification for the central bank to hold off.

* Stocks have been volatile since China devalued its currency in August. The S&P 500 has had moves of at least 1 percent in 12 of the past 18 sessions.

* The Fed has said it will raise rates only when it sees a sustained recovery in the economy with special emphasis on the labor market and inflation. While the job market has continued to gain strength, inflation remains below the 2 percent target set by the central bank.

* Another gauge of inflation will be the U.S. Consumer Price Index for August due at 8:30 a.m. ET (1230 GMT), which is expected to have remained unchanged.

* The dollar index was up marginally at $95.69, off a two-week low struck on Monday, after upbeat consumer spending data released on Tuesday kept alive expectations the Fed would raise interest rates.   Continuación...