Jack Ablin, BMO Private Bank executive VP & CIO, and David Kelly, JPMorgan Funds chief global strategist, discuss when the Fed will likely taper. "We are going move away from taper and put an emphasis on forward guidance," says Ablin.» Read More
Big moves are not being anticipated today and, truth is, the Fed has no big moves left in its deck of cards. The Benjamin might not say anything. But there are some policy steps that could be taken, even though the benefits are modest.
For Tuesday's stock rally to have any credibility, the bulls have to "punch through" the 1150 to 1154 level of the Standard & Poor's 500, Art Cashin told CNBC Tuesday.
CNBC's Steve Liesman with a preview of the Fed's decision on interest rates, and an outlook on the economy and markets, with Diane Swonk, Mesirow Financial, and Neil Irwin, Washington Post economics reporter.
"There is a long road from double-A to double dip. I think the market is certainly running too far into negative territory," Didier Duret, global chief investment officer at ABN Amro Private Banking, told CNBC.
Insight on what Bernanke and the Fed can do now to help the economy, with Robert McTeer, former Dallas Fed president; Jim O'Sullivan, MF Global, and CNBC's Steve Liesman.
"I think US investors got a little more confident about the future, or perhaps a little less pessimistic about where we are going ,and perhaps there is some expectation that the Fed is going to come in and provide the markets with a bit of a lift," Peter Dixon, senior economist at Commerzbank Securities told CNBC.
Investors are hungry for good news from today's FOMC meeting. Here's what Ben Bernanke can — and can't — deliver.
Have no doubt, the Federal Reserve is highly concerned about the condition of financial markets.
Insight on whether the worst is over for the markets and a look ahead of the Fed's meeting today, with CNBC's Carl Quintanilla, Melissa Lee,Jim Cramer, and David Faber.
A look ahead of the Fed's possible plans, with CNBC's Steve Liesman and insight on the global issues that are weighing heavily on the economy, with Larry Kantor, Barclays Capital, and Randy Kroszner, former Fed governor.
The markets and Europe will be among the top items to be discussed, as well as the economy, says Greg Ip, The Economist.
Despite the mass sell-off in the markets, investors shouldn't panic yet, according to Mark Tinker, Global Portfolio Manager, AXA Framlington.
"We are invested pretty heavily in a lot of large dividend paying stocks from around the globe, things that pay in the 6, 7 and 8 percent range, which is a great place to be right now. I'm not sure that I would want to be jumping into treasuries at this point," Randy Warren, chief investment officer at Warren Financial Services, told CNBC.
"The debacle in Congress in terms of coming to a deal really highlighted the US government's inadequacy in dealing with the deficit, perhaps a little bit earlier than the government wanted, certainly in terms of the election cycle," Sir Martin Sorrell, chief executive at WPP told CNBC
Following huge losses for the Dow on Monday and further selling in Asia overnight, the markets are watching what the Fed and Ben Bernanke will do at their July Meeting today. Speculation is mounting that the Fed will attempt to restore calm but one fund manager thinks that policy action is unnecessary.
As markets braced themselves for another turbulent day Tuesday, one economist warned that the real danger of a double-dip recession is protectionism.
"When a market sees a forced seller or a forced buyer, the prices will just gap away from them, and that has been going on since the US downgrade." Mark Tinker, global portfolio manager at Axa Framlington, told CNBC.
During a period like this, with stocks plunging almost on a daily basis, it’s clear that fear and shock are ruling the roost. But fear can be overdone. As someone who has been around awhile and has seen many sell-offs, let me offer some advice: Do not panic. Market corrections come and go. They are not the end of the world. Most times they are actually healthy.
Ben cut interest rates to zero, devised a zillion bowls of "alphabet soup" rescue programs as the Wall Street Journal put it, and bought every bond put out for bid and ballooned the Fed's balance sheet by trillions. Maybe it saved us from disaster, but we haven't seen the growth expected.
The downgrade of U.S. sovereign debt by Standard & Poor's has provoked a range of reaction, from faith in the democratic process to derision about the politicians whose wrangling prompted S&P's action. S&P hasn't been immune from criticism either.