Market Tunes Into Fed Speak
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Oh how the tides have turned.
Just weeks ago with the Fed minutes, the market got a glimpse into the debate over how the FOMC will execute its exit strategy. Now with a host of dismal economic data points, including a clear double dip in housing, the talk has centered on if the Fed will expand its easy money policies and possibly initiate some type of new stimulus - or QE3.
The market may get a glimpse into the thinking of the Fed Tuesday as the big guy, Fed Chairman Ben Bernanke, will be giving a speech to bankers in Atlanta at 3:45PM ET.
Elsewhere, Federal Reserve Bank of Atlanta President Dennis Lockhart will speak in North Carolina at 12:30PM ET. New York Fed President William Dudley will also give a speech in New York at 8:30PM ET.
Dallas Fed President Richard Fisher was speaking on CNBC this morning, saying Friday's jobs number wasn't a game changer. Fisher also said printing more money is not the answer.
Stocks are higher ahead of the open. The Dow is up 40 and the S&P 500 is up 6.
Just weeks ago with the Fed minutes, the market got a glimpse into the debate over how the FOMC will execute its exit strategy. Now with a host of dismal economic data points, including a clear double dip in housing, the talk has centered on if the Fed will expand its easy money policies and possibly initiate some type of new stimulus - or QE3.
The market may get a glimpse into the thinking of the Fed Tuesday as the big guy, Fed Chairman Ben Bernanke, will be giving a speech to bankers in Atlanta at 3:45PM ET.
Elsewhere, Federal Reserve Bank of Atlanta President Dennis Lockhart will speak in North Carolina at 12:30PM ET. New York Fed President William Dudley will also give a speech in New York at 8:30PM ET.
Dallas Fed President Richard Fisher was speaking on CNBC this morning, saying Friday's jobs number wasn't a game changer. Fisher also said printing more money is not the answer.
Stocks are higher ahead of the open. The Dow is up 40 and the S&P 500 is up 6.
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