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Fed Preview: Bernanke Won't Budge

Ben Bernanke is unlikely to offer any June surprises, as monetary stimulus remains appealing.

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Michelle Obama In a Bottle: Luxury Perfumer Launches With First Lady Inspiration

Seth Kornegay is seeing early success in launching a line of all-natural perfumes, including an Obama homage.

Markets
S & P | Nasdaq | NYSE |

NEW YORK (TheStreet) -- Stock futures were rising Wednesday as investors eagerly awaited the conclusion of the Federal Reserve's two-day meeting and more information from the central bank about monetary policy and its economic outlook.

Futures for the S&P 500 were rising 3 points, or 3.29 points above fair value, to 1,648.25.

A Birinyi Associates report showed that the S&P 500 rises on Federal Open Market Committee days 62% of the time for an average gain of 0.37%. However, the market is lower 62% of the time for an average loss of 39 basis points the day after the FOMC meeting.

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