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U.S. Day Ahead: Ben Bernanke to unveil updated device

Wednesday, September 12, 2012 - 01:52

Sep 12 - A day after Apple takes the wraps off the iPhone 5, the Fed is expected to unveil its latest device, QE3.

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From the cook to the chief with Apple's Tim Cook and -- iPhone 5 Wednesday the focus -- suggested the Fed boss. Ben Bernanke holding a news conference following a two day fed meeting economists expect the Central Bank had to unveil its own updated device. Stimulus in the form of -- three. Initially hey you a combination won't -- backed securities purchases and treasury purchases -- roughly split half and half. I -- -- -- I didn't initially -- hard to 600 billion. The key thing is we're also expecting him to be someone -- -- Policy makers also expected to push off any rate hikes until at least 2015. From the current 2014 projections. Reports on initial jobless claims -- -- not expected to change anyone's mind. United Technologies CEO speaks at the Morgan Stanley industrial out of conference in New York. Investors looking for more details on its recently closed purchase of aircraft parts maker Goodrich its largest ever. Last month the company lowered its earnings forecasts as business weekends in Europe shares down from their point while high of 8750. Reached in March. The signs of -- -- housing market could bode well for peer one. The home furnishings retailer reporting quarterly results analysts are looking for gain in profit over the -- three months a year ago. Its shares are trading near their highs for the year. And the soda industry on the defensive. New York mayor Michael Bloomberg's plan of banned large sugary drinks is up for a final vote in front of the city's board of health. It's expected to win approval over the objections of the 111 billion dollar US soda industry. Stay with insider for more expert analysis on the big market movers follow us on Twitter at Reuters Insider. I'm Fred Katayama and this is --

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U.S. Day Ahead: Ben Bernanke to unveil updated device

Wednesday, September 12, 2012 - 01:52