The Market On Wednesday

At 7:30 a.m. futures are moderately higher and the oft quoted investors are predicting a jump in the market.

Data is expected to show that prices for consumers AKA you ingrates (we ingrates), are rising. So there it is, a new concern over inflation raises its warty head.

The Fed is likely to announce that banks can continue to borrow money on the wicked cheap so that they, the banks, can continue to make huge gains in the equities market. After all somebody has got to help out the people that f-ed over the economy with unscrupulous mortgage deals. Its only fair, and notice how this has trickled down into the lives of ordinary Americans, everything is f-ing rosy if it wasn't for the fact that the middle class is evaporating.

Fortunately Bernanke is "Man Of The Year." I hate seeing a grown magazine grovel.

CNN: Stocks set to gain as Fed awaited

...futures are higher on investor confidence that the Fed will keep its key interest rate close to zero to maintain the "sweet spot" of low interest rates and high liquidity.

...the policy statement, due at around 2:15 p.m. ET, could provide hints...

Reuters: Futures rise ahead of CPI, Fed statement

... data on U.S. consumer prices, due at 8:30 a.m. EST...

Data on building permits, housing starts and weekly earnings are also due at 8:30 a.m....