Futures flat with investors seeking Fed clarity

AP News
Posted: Sep 20, 2013 8:23 AM
Futures flat with investors seeking Fed clarity

NEW YORK (AP) — U.S. stock futures are barely moving with investors seeking more clarity on the direction of Fed policy.

They may get that Friday, with a handful of U.S. Federal Reserve officials speaking.

Dow Jones industrial futures are unchanged at 15,573. S&P futures are unchanged at 1,717.40. Nasdaq futures are up 3.25 points to 3,235.50.

The Fed this week shocked markets by leaving in place an $85 billion bond-buying program. Most economists had expected the Fed to begin backing away from that program with the economy recovering.

Kansas City Fed President Esther George, the sole dissenter to the Fed decision, gives a speech just after noon Friday. She's followed by Fed Gov. Daniel Tarullo and St. Louis Fed President James Bullard. Minneapolis Fed President Narayana Kocherlakota is also speaking.