Submitted by BBFX Blogger on Wed, 01/25/2012 – 07:14
The SPX 500 sits about 2 points lower than Tuesday’s close on the S&P 500. This morning we had below expected results for German GDP, which has caused the markets to take a dip. The big news will be the FOMC statement later today where we will see major volatility. We will be watching for commentary regarding to any hints of a QE3.
Policy officials may have more on their hands than just Greece, if China’s landing is any less than soft. With below expected CPI data out of AUD and NZD, potentially this could give all the more reasoning for stimulus.
