Futures in holding pattern as Fed gathers

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Associated Press

Posted on October 29, 2013 at 5:30 AM

Updated Tuesday, Oct 29 at 5:33 AM

NEW YORK (AP) — Futures are barely moving with so much riding on upcoming policy decisions at the Fed.

The U.S. Federal Reserve opens its two-day meeting Tuesday. In the wake of the 16-day partial government shutdown, the guess is that it will continue an aggressive economic stimulus campaign.

Dow Jones industrial futures are up 8 points to 15,526. S&P futures have lost less than a point to reach 1,758.70. Nasdaq futures are also down less than a point to 3,382.50.

Outside of the Fed meeting, there's a bevy of economic indicators due Tuesday, starting with government reports on retail sales and wholesale prices for September. Those are due at 8:30 a.m. Eastern time.

The U.S. reports on business inventories at 10 a.m. Eastern, as does the private Conference Board report on consumer confidence.

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