Federal Reserve to make announcement at 2:15 PM ET...

[in_cog_ni_to]

So, what's THAT going to be about? Ant thoughts?

[MineralMan]

1. Good question.

I don't know, but I'll be very interested.

In the meantime, the DJIA is fluttering around the 11,000 line. It's been up in the 200 point range pretty much all morning. It looks like it's waiting for news, and then will turn up or down, depending on what that news is. So, I'm hoping it's news the Dow likes.

[TBF]

2. WSJ -

http://online.wsj.com/video/markets-hub-will-there-be-a-qe3/6BC7FC00-45D9-468D-A3E3-951FB20033A4.html

Consensus seems to be no QE3, will likely keep interest rates near/at zero.

[Recursion]

3. More debt monetization

If I had to stake a claim.

[Hosnon]

4. Probably not many. All he does is go around in circles. nt.

[Shagbark Hickory]

5. I'm sure whatever it is will be good news.

Or else they wouldn't make the announcement in the middle of the day let alone on a tuesday.

[Tuesday Afternoon]

6. no interest change.