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Stocks Rise ahead of Federal Reserve Meeting

Stocks Rise ahead of Federal Reserve Meeting (Bloomberg)

Today, U.S. stocks stopped their worst skid since August due to investors weighed data against expectations for the outcome of this week’s Federal Reserve meeting and its effects on tapering. “The big issue this week is the Fed’s meeting and what, if anything, they’re set to do,” Mark Luschini, chief investment strategist at Janney Montgomery Scott LLC, said. “The market seems to be increasingly prepared for the prospects of it, and yet at the same time, has not bought into the notion that it’s likely to occur this week.”

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