US STOCKS-Wall St treads lower ahead of Fed rate decision

miércoles 27 de julio de 2016 13:30 GYT

* Fed statement expected at 2:00 p.m. ET

* Traders do not expect a rate hike even until 2017

* Weak results, forecast cut drag down Coca-Cola

* Dow down 0.07 pct, S&P down 0.27 pct, Nasdaq up 0.32 pct (Updates to early afternoon)

By Yashaswini Swamynathan

July 27 (Reuters) - Wall Street was lower on Wednesday as disappointing results from Coca-Cola and weak oil offset gains fueled by Apple, and ahead of the Federal Reserve's decision on interest rates.

The Fed is scheduled to issue a statement at 2:00 p.m. ET (1800 GMT) after a two-day policy meeting, which began on Tuesday.

While the central bank is expected to keep rates steady for now, the recent set of strong economic data could strengthen the case for an increase earlier than the market anticipates.

Traders do not expect the Fed to pull the trigger even until June next year, according to CME Group's FedWatch tool.   Continuación...