Markets wait for Fed Reserve

Wall Street trudged through a listless session today, closing narrowly mixed as oil prices edged closer to 45 dollars per barrel and investors hoped for assurance from the Federal Reserve that the economy was still on track.

Trading was very light in advance of tomorrow’s Fed meeting, at which the Open Market Committee will decide whether to raise baseline interest rates by a quarter percentage point to 1.5%. While the move had been widely expected before last week, a recent string of bad news has left Wall Street wondering whether the Fed will – or should – raise rates.