Based on these four points, one might think that the market will open higher. If it weren't for the fact that key consumer spending data - "Redbook's Retail Sales Index of department and chain store sales for September versus August" - is due out at 8:55 a.m.EDT, I would agree.
The economy might be weaning itself off life support, but its still consumer driven.
Reuters: Stock futures rise as U.S. dollar weakens; oil up
The Federal Reserve starts its two-day monetary policy meeting on Tuesday with a decision on interest rates due at around 2:15 p.m. (1815 GMT) on Wednesday.
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