1. U.S. stocks were little changed at the open on Wednesday as investors awaited the U.S. Federal Reserve's decision on a rate increase.
The Dow Jones industrial average (DJI) rose 12.56 points, or 0.08 percent, to 16,612.41, the S&P 500 (SPX) gained 1.92 points, or 0.1 percent, to 1,980.01 and the Nasdaq composite (IXIC) added 1.37 points, or 0.03 percent, to 4,861.89.
2. The dollar trimmed gains against the other major currencies on Wednesday, after data showed that U.S. inflation ticked lower last month and as investors remained cautious ahead of the Federal Reserve's highly-anticipated policy statement due on Thursday.
4. Consumer price inflation in the U.S. ticked lower in August while prices excluding food and energy costs remained steady, official data showed on Wednesday. The Commerce Department said consumer prices edged down by a seasonally adjusted 0.1% last month, in line with forecasts following a 0.1% increase in July.
5. Package delivery company FedEx Corp (N:FDX) posted a higher quarterly profit on Wednesday, but missed Wall Street expectations due to weak global economic conditions and the strong U.S. dollar.
6. Gold prices pushed higher on Wednesday, pulling away from the previous week’s one-month low but gains were held in check ahead of the Federal Reserve’s decision on U.S. interest rates.
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