Futures on the Standard & Poor’s 500 Index expiring in December slid 0.1 percent to 1,975.2 at 8:33 a.m. in New York. Dow Jones Industrial Average contracts slipped four points, or less than 0.1 percent, to 16,902.
“The Fed’s announcement this week is certainly on investors’ mind -- what will be in the statement, whether they’ll remove the phrase on keeping interest rates low for a ‘considerable time’,” Keith Bowman, an equity analyst at Hargreaves Lansdown Plc in London, said. “Data at this stage is generally headed in the right direction. The U.S. is making some progress, but China and Europe have been more disappointing.”
Data today showed the Fed Bank of New York’s Empire Manufacturing gauge manufacturing index jumped to 27.54 this month from 14.69 last month. Economists estimated the reading would be 15.95, according to a Bloomberg survey.
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