The Federal Reserve is widely expected to hold off Wednesday from further economic stimulus while voicing a familiar refrain: "We're ready to take action if and when necessary."
Fed Chairman Ben Bernanke is scheduled to meet later Wednesday with the press to discuss the Fed's outlook for future growth and what direction the Fed might take.
The Fed concludes its two-day meeting around noon, will unveil its statement from the meeting at 12:30 p.m.
ET and will issue fresh economic forecasts at 2 p.m.