- The Washington Times - Wednesday, March 18, 2009

NEW YORK (AP) - Wall Street appears headed to a lower opening after a slightly higher-than-expected rise in inflation. Investors are focusing on the Federal Reserve’s policy meeting.

Wall Street was lower ahead of the inflation report and is poised to give back some of its recent gains.

The Labor Department said Wednesday the consumer price index rose 0.4 percent in February.

Investors have an eye on the conclusion of the central bank’s meeting. It is widely expected the bank will leave rates at their current low level, but the market wants to see how the Fed views the economy.

Dow Jones industrial average futures are down 63 at 7,344. Standard & Poor’s 500 index futures are down 6 at 769, while the Nasdaq 100 index futures are down 3 at 1,187.

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