Fed policy, Bernanke dominate docket

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The Federal Reserve dominates today's economic calendar.

The central bank will announce monetary policy at 12:30 p.m. ET, followed by a press conference at 2:15 p.m. featuring Chairman Ben Bernanke. With interest rates expected to remain unchanged, attention will focus on the pace of asset purchases under the Fed's policy of so-called quantitative easing. Precious metals could be especially active on the release.

European industrial production will be released before the bell and could affect sentiment early in the session. At 7 a.m. ET the Mortgage Bankers Association will report weekly loan applications, and the Energy Department will publish oil inventories at 10:30 a.m. ET.

Two members of the Standard & Poor's index also release quarterly results before the market opens: Joy Global, which supplies equipment to coal miners, and warehouse retailer Costco.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.


This article appears in: Investing , Options

Referenced Stocks: XLE , XLF

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