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US stocks opened mixed Monday morning as the S&P 500 flirted with a record high. Investors are eagerly awaiting for signals from the US Federal Reserve later this week about a timetable for scaling back ultra-accommodative policies. The decision is due Wednesday, with most economists anticipating the central bank will leave its policy mostly unchanged. “With stocks at or near record highs, economic data and the outcome of the Fed’s FOMC meeting on Wednesday will be a primary focus this week,” said Oppenheimer’s John Stolztfus. “In our view the risk of inflation that would prove to be stickier than most folks expect lies less with Fed policy than it does with fiscal policy and stimulus programs that are being considered and could come from Capitol Hill and the Administration’s efforts,” the chief investment strategist added.
...read full article on Business Insider
