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U.S. equities, the Fed, durable goods, Darden Restaurants Vialoux

Posted on June 25, 2008

U.S. equity index futures are quietly higher this morning. Dow Jones Industrial Average futures are up 34 points in pre-opening trade. Traders are waiting for news from the Federal Open Market Committee (FOMC) meeting today at 2:15 PM EDT. Consensus is that the Federal Reserve will maintain the Fed Fund rate at 2.00%. Markets will respond to the message delivered by the Fed at 2:15 PM. Maintaining the Fed Fund rate at 2.0% is a change in policy. Previously, the Federal Reserve offered an expanding monetary policy by reducing the Fed Fund rate with a series of 0.25% declines. Will the Federal R...

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earnings , markets , traded funds , trading