Tue, Jul 30, 2013 4:37 PM EDT 1:07
US stocks fluctuated as investors remained cautious one day before the Federal Reserve's policy statement . Traders are still waiting for the Federal Reserve to give its latest appraisal of the U.S. economy and whether a change to the central bank's stimulus strategy is warranted as Fed officials finish a two-day meeting U.S. stock index futures edged higher, following stocks' slight decline on Monday, as investors braced for housing and consumer data in a week packed with economic numbers. Volume was expected to be subdued before the Federal Reserve released its statement on Wednesday at the end of a two-day meeting of policymakers. The Fed's Open Market Committee's statement will be combed for hints of when the central bank may begin to scale back its $85 billion a month in asset purchases aimed at stimulating the economy. The week is also heavy in earnings reports.