US Market 'Treading Water' Until Fed Decision
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"Even though we had good economic data yesterday, the stock market hit a real air pocket and judging from the futures, it seems like that's dragging us down," Rob Morgan, president of Dearden, Maguire, Weaver & Barrett, said Tuesday ahead of the US open. "We're in Fed meeting mode now, that tends to make the market tread water until that comes out," he added.
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