InTheMoneyStocks Pro Traders Market Analysis

[ITMS]

Slow Motion Activity Ahead Of The Fed

The major stock indexes have not really moved all that much this morning. Many investors are now waiting for the Federal Open Market Committee (FOMC) meeting to conclude this afternoon. Most traders and investors are expecting the Federal Reserve Bank Chairman Ben Bernanke to keep the Fed funds rate (overnight lending rate to the large banks) at zero to a quarter percent. The Fed funds rate has remained at 0% - 0.25% since December 2008. So basically, the large banks such as J.P. Morgan Chase & Co (NYSE:JPM), Citigroup Inc (NYSE:C), Bank of America Corp (NYSE:BAC), and Wells Fargo & Co (NYSE:WFC) can borrow money at zero percent and lend it out at a higher interest rates, speculate on equities, and buy bonds with the money. ....Continue reading here: http://bit.ly/M6F3OQ