Trader Kevin Coulter, center, works on the floor of the New York Stock Exchange Monday, July 29, 2013. Stocks were inching lower on Monday morning as a big week for economic news got underway.(AP Photo/Richard Drew)
Trader Kevin Coulter, center, works on the floor of the New York Stock Exchange Monday, July 29, 2013. Stocks were inching lower on Monday morning as a big week for economic news got underway.(AP Photo/Richard Drew)
FILE - This Jab. 14, 2010 file photo shows the Federal Reserve Building in Washington. When the Federal Reserve offers its latest word on interest rates this week, few think it will telegraph the one thing investors have been most eager to know: When it will slow its bond purchases, which have kept long-term borrowing rates low. (AP Photo/Alex Brandon, File)
FILE - A man walks by an electronic stock board of a securities firm in Tokyo, Monday, July 29, 2013. When the Federal Reserve offers its latest word on interest rates this week, few think it will telegraph the one thing investors have been most eager to know: When it will slow its bond purchases, which have kept long-term borrowing rates low. (AP Photo/Koji Sasahara, File)
Federal Reserve Chairman Ben Bernanke, arrives to testify before the Senate Banking, Housing, and Urban Affairs Committee hearing on "The Semiannual Monetary Policy Report to the Congress? on Capitol Hill in Washington, Thursday, July 18, 2013. (AP Photo/Manuel Balce Ceneta)
NEW YORK (AP) ? Stock futures are mixed in very light trading with most investors in a holding pattern ahead of a statement from the U.S. Federal Reserve.
Dow Jones industrial futures are down 10 points to 15,483. S&P futures are up less than a point at 1,684.90. Nasdaq futures are up 2 points to 3,087.50.
There's very little expectation that Fed Chairman Ben Bernanke will signal any change Wednesday in monetary policies that have kept U.S. interest rates at historic lows.
But as his statement last month proved, U.S. markets are easily spooked right now. Investors fled the market after Bernanke suggested that the Fed might slow its bond purchases later this year if the economy had improved.
The Fed will release at statement at 2:15 p.m. Eastern.
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