April 24 - The Fed could raise its outlook for the recovery after its policy meeting, but don't expect a change in policy given the current 'Goldilocks' economy says Reuters Correspondent Pedro da Costa.
The Fed might raise its outlook for the recovery when it finishes its meeting in the afternoon focus will be on three key events. And economic and monetary policy statement rejections from policymakers. And finally a news conference by chairman Ben Bernanke. Pretty he would likely to be quizzed on whether there will be more QE British correspondent Pedro da Costa says. Don't hold your breath. Well the economy right now is kind of an goldilocks state it's not too hot not too cold it's not weak enough to warrant another round of monetary stimulus. And it's not strong enough for the Fed to Begin. Pulling back on stimulus either of course are still concerns about the future they're still concerns about the sluggish level of growth but. It's likely that even if Bernanke wanted to he wouldn't have the consensus he needs to ease policy further. And durable goods numbers out in the morning could feed into that idea of a goldilocks economy. They are set to drop by two point 1% according to IFR. The loss is blamed on a pullback in civilian aircraft order is caterpillars that to show that there is still light an emerging markets when it reports before the bell. The construction giant is expected to -- profits rise by almost 20%. From a year ago. Thanks partly to minding. Is manufacturing editor John Stoll says pay attention to what the company says about how it's customers are acting. Investors are very very concerned and -- start to see some very new growth and in terms of its revenue stream and I'm just a replacement demand. And they've been seeing in recent quarters but people are actually investing in new projects. In in in particular in developed markets like the United States. The rest of earnings will be dominated by industrials airlines and Telecom. Before the bell will hear from Boeing delta have Harley-Davidson. North Grumman and Sprint Nextel. After the close it's the turn -- natural resources. -- -- According to start mine -- has a high chance of missing earnings by a penny due to rising costs and volatility and metal prices. Treasury Secretary Timothy Geithner gives his take on the health of the economy at 4:30 PM. Here recently said the US faces a major test when it have to deal with big budget decisions at the end of the year. Expiring tax breaks automatic cuts and dwindling funds will likely trigger another high stakes battle between the Obama administration and congress. And it news quart boss Rupert Murdoch in back in the hot seat this time he's been testified before -- loud as an inquiry. On press ethics and Monday. On Tuesday his son James said he had meetings with the UK culture minister about a controversial takeover of -- guide me. He also acknowledge he spoke to prime minister David Cameron. At a private dinner about the deal I'm putting mom this is Richard.