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fed powell board governors
Federal Reserve Chair Jerome Powell, left, and Randal Quarles, vice chair for supervision, gather their things at the end of a Federal Reserve Board meeting to discuss proposed rules to modify the enhanced prudential standard framework for large banking organizations, Wednesday, Oct. 31, 2018, at the Marriner S. Eccles Federal Reserve Board Building in Washington.

AP Photo/Jacquelyn Martin

  • US stocks slipped as Fed officials kicked off their highly-watched policy meeting on Tuesday.
  • All three benchmark indexes moved slightly lower in early-day trading.
  • Markets are pricing in a 99% chance that the central bank will decide to keep interest rates level.

US stocks dropped on Tuesday as investors turned their attention to the start of the Federal Reserve's two-day policy meeting.

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US stocks fall with rates in focus as Fed kicks off policy meeting