On Friday, the major averages posted their worst trading week since June.
Stock futures were little changed on Sunday evening after the major averages posted their worst week since June and ahead of the Federal Reserve's two-day meeting this week.
Futures tied to the Dow Jones Industrial Average were up by just 0.05%, while S&P 500 futures increased 0.03%. Nasdaq 100 futures were down by 0.07%. On Friday, stocks slid as investors reacted to a hotter-than-expected inflation report and a dismal warning from FedEx about a"significantly worsened" global economy. The Dow industrials dropped 139 points, while the S&P 500 lost 0.7% and the Nasdaq Composite shed 0.9%.
Investors are focused on the Fed's two-day meeting, which will begin Tuesday. The central bank is expected to raise interest rates by another three-quarters of a point, though investors are also watching for guidance about corporate earnings before the next reporting season begins in October.
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