Stocks poised to start higher ahead of Fed meeting
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U.S. stocks were poised for a higher start Wednesday morning, but trading is expected to be cautious as investors await the Federal Reserve policy statement this afternoon, which would also give clues about the state of the economy. Meanwhile, the OECD said the global recession is near a bottom, but flared up concerns over banks again. More economic data due out later this morning could the market a better sense of direction.
More here: Before the bell: Stocks set to advance as OECD sees bottoming; investors await Fed statement