Wall Street is flat ahead of the release this week of U.S. inflation data and the Federal Reserve’s final interest rate decision of the year, according to the Associated Press.
Futures for the S&P 500 and the Dow Jones Industrial Average each lost less than 0.1% before the bell today. On Friday, the S&P 500 rose 0.4% to 4,604.37, marking its longest winning streak in four years, following a better-than-expected U.S. job market report.
The Fed will announce its next move on interest rates Wednesday. Most economists expect the Fed to not raise its benchmark borrowing rate. It would be the third consecutive time that the Fed has left its benchmark rate alone.
On Tuesday, the U.S. government will report on U.S. consumer inflation.
Oil prices retreated today, with a barrel of benchmark U.S. oil losing 13 cents to $71.10 in electronic trading on the New York Mercantile Exchange. It’s more than $20 below where it was in September. Brent crude, the international standard, fell 9 cents to $75.75 per barrel.
In currency dealings, the U.S. dollar rose to 146.42 Japanese yen from 144.93 yen.
