Ben Bernanke begins his final FOMC meeting
Market awaits news of further tapering
According to USA Today, stocks are mostly up and projected to break a five-session skid as investors await the outcome of Federal Reserve Chairman Ben Bernanke’s last Federal Open Market Committee meeting. The paper notes:
Fed officials are expected to announce a reduction in its bond buying program by another $10 billion to $65 billion as the U.S. economy continues to improve.
Wall Street got a lift from stabilization in topsy-turvy emerging markets, where central bankers there took steps to address recent currency market volatility and head off a potential crisis.