Market Awaiting Guidance from the Fed
The market is hovering around flatline ahead of the most highly anticipated Federal Reserve meeting of the year. Shortly after 2:00pm EDT investors will feverishly parse through the FOMC's latest policy statement, followed by updated Economic Projections, and finally a Ben Bernanke news conference.
The Dow Jones Industrial Average (^DJI) has seen six consecutive days of 100-point moves, driven largely by small bits of information coming from Fed-related reporting. Today's slew of guidance from the Fed is sure to impact today's trade and potentially the market momentum moving forward.
Related: Stop Trading Off Taper Talk, Says Macke
Of key concern is how the Fed views its current $85 billion monthly asset purchasing program, and whether economic conditions warrant an upcoming change in the near-zero interest rate policy. Breakout's Jeff Macke and Matt Nesto give a full rundown of expectations in the attached video.
Will we hear the word "tapering"? Will the Fed upgrade or downgrade the economy?
The answers are coming this afternoon and will be covered live right here on Breakout. Bernanke's press conference will be streaming live at the top of our page at 2:30pm, while our Yahoo! Finance pros --Jeff Macke, Matt Nesto, Aaron Task, Michael Santoli, Lauren Lyster, Rick Newman, and special guests-- will be blogging throughout the presser. Immediately following that event, Breakout will air a live show assessing all the market moving details that matter for your money today and beyond. Be sure to keep it here on Breakout!
Please join the conversation! Send us your thoughts and questions in the comment section below and Tweet Us using #YFinFed.
More on the Fed:
Obama Starts Tapering Bernanke’s Term
Key Market Technical Levels to Watch as Fed Decisions Looms
