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Stock Futures Point to Higher Opening Ahead of FOMC Meeting

Stock futures suggest a slight increase in the markets today as the Federal Reserve is scheduled to release its interest rate statement. The expectation is that the Fed will maintain the current record low rates.

Pundits will be watching closely however, for any signals from the Fed for when they expect to increase rates as growth returns to the economy. The Fed continues to say that inflation is not an immediate concern, but once growth reaches a certain threshold, most market watchers expect the Fed to act quickly to move interest rates higher.

Source: Associated Press

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Posted by Dean Popplewell at 6:23 am UTC, 02/08/2012
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February
8
Today’s Global
Market Events
8:15 am

CAD
Housing Starts
Actual +198k
10:30 am

USD
Crude Oil Inventories
2.9M vs. 4.2M
10:40 am

USD
FOMC Member Williams Speaks
4:45 pm

NZD
Employment Change q/q
0.4% vs. 0.2%
NZD
Unemployment Rate
6.5% vs. 6.6%
6:50 pm

JPY
Core Machinery Orders m/m
-4.6% vs. 14.8%
JPY
M2 Money Stock y/y
3.1% vs. 3.1%
8:30 pm

CNY
CPI y/y
4.0% vs. 4.1%
CNY
PPI y/y
0.8% vs. 1.7%