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Don't Expect Much From Wells Fargo Today

John Grgurich
June 18, 2013

About two hours into trading, Wells Fargo (NYSE: WFC) is just managing to keep its head above water, up 0.49% so far. Don't expect much more today -- or even the rest of the week -- from Warren Buffet's favorite bank, or any of its Big Four peers: Fed-watch is in full swing.

Meeting room with a view
The Federal Reserve's Open Market Committee opens its regularly scheduled two-day meeting today. The FOMC is the policy-setting body of the Fed.

Potentially at stake is the fate of quantitative easing, the massive monthly bond-purchasing program begun by the Fed in September of last year, and what many believe to be the driver behind America's nascent economi