Markets Languish in Advance of Fed Comments

Despite the fact that crude oil features were down nearly another dollar this morning, Standard & Poors futures opened lower today.  The producers' price index (PPI) was down .2% this while the core PPI was unchanged.  Trading was light and close to the vest today as the equity traders, like the bond traders, were waiting to hear what the Fed will have to say tomorrow.  The Dow managed a 22 point gain in a mixed market.