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Fed Meeting Underway as Inflation, Housing Data Add to Uncertainty; BA Earnings Miss

Dela

The stock market is not pricing in an interest rate hike from the Fed as the committee begins its meeting Tuesday ahead of Wednesday's decision. Kevin Hincks discusses the economic data hitting the wire like the transportation-dominated durable goods orders, along with the Case-Shiller home price index, show lingering uncertainty for inflation and housing. He turns to Boeing (BA) earnings which showed a wider-than-expected loss as its backlog grows.


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