- Stocks rise because they expect that the Federal Reserve will continue its stimulus into the economy.
- The Fed’s two-day policy meeting started Tuesday, and traders are trying to guess its timeline for scaling back purchases of $85 billion per month of bonds. The policy, known as quantitative easing, has helped fuel stocks’ rally, taking major indexes to record levels. The S&P is about 1 percent away from its all-time closing high.
Categories: Equity Capital Markets