Stocks are little changed as the Fed kicks off a two-day meeting on interest rates Tuesday. The U.S. central bank is expected to keep interest rates unchanged, while the rest of the world has been embarking on quantitative easing.
China cut interest rates just days after European Central Bank President Mario Draghi hinted of more QE in Europe. There's speculation the Bank of Japan may expand its asset buying program at a policy meeting on Friday.
Quincy Krosby, market strategist at Prudential Financial, tells CNBC's "Power Lunch" "German and Japanese markets should benefit from more stimulus."
But Robert Pavlik, chief market strategist at Boston Private Wealth believes QE doesn't work.
"QE brings undefined risks to our future and should be halted. The only good that QE brings is a rise [in] stock prices but it does not benefit Main Street whatsoever," Pavlik said.