US Futures Marktes Quiet Before Fed

U.S. stock index futures were little changed before the start of the Federal Reserve’s two-day meeting on Tuesday that could lay out plans to begin reducing its stimulus measures.

Investors were hesitant to make big moves before the decision by the policy-making Federal Open Market Committee on whether to scale back its monthly $85 billion in bonds to aid the economy. Many investors expect the Fed will taper purchases a modest $10 billion a month.

The FOMC meeting statement will be released on Wednesday followed by Fed Chairman Ben Bernanke’s news conference.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza