FED DAY, Will QE 3 Be A Reality

The highly anticipated Fed statement will finally be delivered today at 12:30pm ET and the big question isn’t so much if QE3 will be announced, but in what form it will take.

In economic news, the Producer Price Index (PPI) rose to its biggest gain in three years, but the spike was mainly due to surging food and energy costs. The PPI measures inflation at the wholesale level.

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