Economists widely expect the central bank to increase and extend its pandemic bond-buying program.
The U.S. Food and Drug Administration meets to discuss the vaccine made by Pfizer/BioNTech on Thursday.
If the FDA authorizes emergency use, Health & Human Services Secretary Alex Azar said vaccine distribution could begin within 24 hours.
Main markets moves
S&P 500 futures dipped 0.3% as of 7 a.m. in London.
The gauge rose 0.9% on Friday.
Japan’s Topix index slid 0.9%.Hong Kong’s Hang Seng index fell 1.3%.
South Korea’s Kospi index rose 0.2%.
Australia’s S&P/ASX 200 Index gained 0.6%.
Euro Stoxx 50 futures fell 0.2%.
The yen was up 0.1% to 104.11 per dollar.
The offshore yuan traded at 6.5246 per dollar, down 0.1%.
The euro bought $1.2126, little changed.
The pound fell 0.3% to $1.3403.
The yield on 10-year Treasuries fell one basis point to 0.95%.
Australia’s 10-year yield rose four basis points to 1.04%.
West Texas Intermediate crude dipped 0.4% to $46.09 a barrel.
Gold was at $1,841.66 an ounce.