Now that anxiety over the euro zone has been joined by a bleak U.S. earnings season to roil markets, the Federal Reserve's first meeting in 2015 could give stocks some much-needed relief, one research group's historical study suggests.
Traders don't expect this positive trading bias to end Wednesday as the Fed is forecast to acknowledge the slowing global growth fears that's rattled the markets and hint that a rate increase is still not close.
Federal Funds futures contracts from CME Group show that Wall Street expects a change in the Fed Funds target rate in December, rather than the middle of this year as some thought going into 2015.
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