The Market On Wednesday

At 6:30 a.m. futures are moderately up. Recall that the pre-market numbers have been practically without relevance the past two days.

Investors will be anxiously waiting to hear the wrap up news from the ongoing Fed meeting. One would suspect that this will be a strong impetus for the final market direction.

It is a more volatile market. One of my insiders is expecting another recession but believes it will not be as severe as the great recession.

CNN: Stocks set for higher open

The central bank is due to release its policy statement at 2:15 p.m. ET.


A report on new home sales is due out shortly after the opening bell at 10 a.m. ET.