federal open market committee meeting
What to Expect from this Week's FOMC Meeting
The next Federal Open Market Committee (FOMC) meeting starts tomorrow (Tuesday), and investors expect Fed Chairman Ben Bernanke to announce some form of stimulus measures for the U.S. economy.
Investors anticipate the Fed to announce at Wednesday's conclusion new efforts to reduce long-term interest rates to allow for cheaper borrowing as well as to increase business and household spending.
"I think the Fed has no choice but to act," Krishna Memani, director of fixed income at Oppenheimer Funds,