Daily Market Update 11/4/09

Rates inched higher Wednesday ahead of this afternoon’s Fed announcement. The Federal Open Market Committee (FOMC) of the Federal Reserve will release a statement at 2:15 PM, and while no rate change is expected, investors will be looking for some indication about when the Fed will begin tightening monetary policy. In economic news, the Institute for Supply Management services index fell unexpectedly in October. No other data will be released today.

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