Market Wants Softer Tone From Fed

The Fed is expected to leave rates unchanged today while most central banks have been easing.

PRE-OPEN MARKET COMMENTS FED-DAY - China and the ECB have been cutting rates at a fast pace since last fall. They are not worried about inflation, they are trying to stimulate economic growth. To this point they have little to show for their efforts and global conditions continue to slide. Other central banks have been easing this year and Switzerland is even considering a rate cut that would put it into negative territory. These are dramatic actions.

Daily Bulletin Continues...