Federal Reserve statement that will be released shortly may prove to be a key determinant on the direction of the market moving forward. The market will look for any positive tones from the statement, especially expectations on how the economy looks to be recovering and what they plan to do moving forward. Our expectations are for things to remain status quo(from a big picture on current interest rates), but the direction of the market will be set depending on those subtle details that were changed from the previous statement.
DC