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Tuesday, December 17, 2013 12:22:09 PM
Stocks open flat ahead of Fed meeting
he stock market opened around the flatline Tuesday as investors await the Fed's decision on monetary policy when its two-day meeting ends tomorrow.
he Fed's $85 billion of monthly bond purchases have kept U.S. interest rates low to encourage economic recovery but also sent a flood of money into stock markets worldwide in search of higher returns.
"Today kicks off the final Federal Open Market Committee (FOMC) meeting of the year, with a statement slated for release tomorrow," says Schaeffer's Investment Research senior options strategist Tony Venosa. "There has been a lot of chatter recently about a December tapering, so the next two days could be quite volatile."
http://www.usatoday.com/story/money/markets/2013/12/17/stocks-tuesday/4049073/
he stock market opened around the flatline Tuesday as investors await the Fed's decision on monetary policy when its two-day meeting ends tomorrow.
he Fed's $85 billion of monthly bond purchases have kept U.S. interest rates low to encourage economic recovery but also sent a flood of money into stock markets worldwide in search of higher returns.
"Today kicks off the final Federal Open Market Committee (FOMC) meeting of the year, with a statement slated for release tomorrow," says Schaeffer's Investment Research senior options strategist Tony Venosa. "There has been a lot of chatter recently about a December tapering, so the next two days could be quite volatile."
http://www.usatoday.com/story/money/markets/2013/12/17/stocks-tuesday/4049073/
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