Stocks Quiet Ahead of FOMC Statement
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Stocks are meandering ahead of today's FOMC statement and Ben Bernanke press conference.
At 1:30PM ET, the Dow is down 22 points, the Nasdaq is down 6 and the S&P 500 is down 2 points. The 10-year treasury note is up 1.37% to 2.21.
Today's FOMC statement is expected at 2PM ET, with the Ben Bernanke press conference scheduled at 2:30PM ET. The live press conference can be viewed here.
Many aren't expecting much in terms of changes to the statement, however any hints at a potential tapering of QE later in the year will be market watchers focus. The Bernanke press conference could have more clues than the actual statement in this regards. Also, with market chatter picking up about Mr. Bernanke's retirement, markets will look for hints of a succession plan.
At 1:30PM ET, the Dow is down 22 points, the Nasdaq is down 6 and the S&P 500 is down 2 points. The 10-year treasury note is up 1.37% to 2.21.
Today's FOMC statement is expected at 2PM ET, with the Ben Bernanke press conference scheduled at 2:30PM ET. The live press conference can be viewed here.
Many aren't expecting much in terms of changes to the statement, however any hints at a potential tapering of QE later in the year will be market watchers focus. The Bernanke press conference could have more clues than the actual statement in this regards. Also, with market chatter picking up about Mr. Bernanke's retirement, markets will look for hints of a succession plan.
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