Wall St. treads water ahead of Fed meeting, data
By Laila KearneyNEW YORK (Reuters) – Wall Street was flat on Monday afternoon as losses in energy shares were offset by consumer discretionary gains and investors laid low ahead of a U.S. Federal Reserve meeting.
The Fed is not expected to raise interest rates at the two-day meeting, which begins on Tuesday, but investors will be on the lookout for clues about future hikes.
“If investors are inclined to make a bet, then they’re better served by waiting a few days,” said J
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