This morning, the S&P 500 Index e-mini futures (ES-U2) are trading higher by 1.75 points to 1352.25 per contract. The major stock indexes have been in rally mode as many investors and traders expect the Federal Reserve bank to implement another quantitative easing plan. The majority of market participants are waiting for the central bank to devalue the U.S. Dollar in order to inflate asset prices. We shall all see soon enough as the FOMC meeting ends today. The Federal Reserve Bank Chairman Ben Bernanke will release his policy statement at 12:30 pm EST. Later in the afternoon, Chairman Bernanke is scheduled to hold a press conference at 2:15 pm EST.
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