It’s Fed day.
At 2:00 PM ET, the Ben Bernanke and the Fed will update us on the direction of monetary policy. Everyone will sift through every last word for clues regarding a tapering, or gradual reduction, of its bond-buying plan.
For now, markets are looking calm.
Dow futures are down just 7 points. S&P futures are flat. Nasdaq futures are up 4 points.
Here’s a look at the moves in the futures since yesterday’s market close.
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