Stocks set to decline with manufacturing, inflation data on tap

U.S. stocks are set to open lower Tuesday morning, at least that's the indication ahead of some key economic data, including inflation and manufacturing, to be reported before the opening bell. The Federal Open Market Committee also begins its two-day policy meeting. While no decision will be made today, investors, who in general expect the Fed to keep rates at low levels, may be wary ahead of Wednesday's statement. Meanwhile, Wells Fargo joined Citigroup and repaid its bailout fund.

More here: Before the bell: Futures lower ahead of data; Fed meeting in focus