Investors Hang Back Before Fed Announcementhttp://www.fool.com/investing/general/2013/06/19/investors-hang-back-before-fed-announcement.aspx Jessica Alling
June 19, 2013
Today is the day Mr. Market has been waiting for. Though the Dow Jones Industrial Average (DJINDICES: ^DJI) is trading down this morning, there is sure to be a bigger swing later this afternoon once the market has heard what Fed Chairman Ben Bernanke and the Federal Open Market Committee have to say. While we wait to hear what's next for the latest round of quantitative easing, investors are being cautious, sending the index down only 17 points as of 11:30 a.m. EDT.
All four banks are in hot water this morning from alleged violations of last year's $25 billion mortgage settlement, according to the settlement's independent monitor. Bank of America and Wells Fargo had already been called out for violations from the New York attorney general's office, but the suit brought