An already volatile U.S. stock market could become more so today, with a Fed statement looming amid the ongoing headlines about Greece and the European debt crisis.
Stocks lost most of Tuesday's midday gains on worries about the failure of Greece to announce a definitive deal following a conference call with EU, ECB, and IMF leaders.
Federal Reserve policymakers conclude their two-day meeting with their latest policy statement at about 2:15pm ET, and the most widely anticipated outcome is the announcement of what's being referred to as Operation Twist, a move towards longer duration Treasuries in the Fed's portfolio.
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