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Futures Little Changed As Fed Meeting To Begin

wochit business
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December 17, 2013 AT 5:18 AM
Although many in the market expect the Fed to begin to wind down its market-friendly $85 billion a month in asset purchases in March, some are betting on an earlier pullback due to a string of better-than-expected economic data. Economists in a Reuters survey expect CPI to rise 0.1 percent compared with a 0.1 percent drop in October. U.S. consumer prices were flat in November, but a bounce back in the annual inflation rate from a four-year low will probably give the Federal Reserve cover to start dialing back it massive monetary stimulus.