Mar 15 - The Fed's Ben Bernanke is unlikely to be dissuaded from $85B of bond purchases a month despite signs of the economy improving, according to Reuters' Dan Burns.
If you're trying to figure when the Fed might reign in its massive stimulus. -- don't as chairman Ben Bernanke's news conference on Wednesday he speaks after two day policy meeting with other top officials from the Federal Reserve. There's been a lot of speculation Bernanke's thinking about slowing down 85 billion dollars in bond purchases. -- could pull the rug out from under equities but economics guru Dan Burton says don't -- yet. Our polling indicates that bond buying is gonna continue through this year and probably a bit and -- point fourteenth. Really interesting with this coming meeting is whether the Fed is going to upgrade its economic forecast we're gonna get your numbers from them on that. And we'll see what they really give credence to this run of better than expected data we've gotten since the beginning of the year. Once that the Fed and other economists might focused on is -- existing home sales on Thursday. -- -- cessation coming at four point nine million homes for fabric it's another sign inventories being whittled away. Could create more room for housing construction. Last month saw the lowest -- of inventory to sales since April 2005. You're danger did you get anything less than four point eight million. And it could mean tax hikes are hitting longer term spending plan. We'll get another key economic indicator when FedEx reports earnings on Wednesday. The second largest package delivery company in the US is sad to see its profits shrink from a year ago to blame more expensive jet fuel and harsh weather conditions in the northeast. The good news FedEx air freight deliveries could rise by 4%. Pay attention to what the company says about its one point seven billion dollar restructuring. Of the of any reports as FedEx is on track to boost its bottom line 2014. FedEx shares up nearly 19% since the beginning of the year. Pondering whether to plow more of your cash into equities. Here's some tactical information that could help. Our markets teams possess and 500 is still bargain given its twelve month price earnings ratio of thirteen point eight. That's under its historical average -- -- -- PE ratio of seventeen and one index at record in 2007. Follow us on Twitter at Reuters Insider and get more of our great videos and Reuters dot com slash Reuters TV. Next week Reuters run -- we'll be speaking with the high flyers of the small cap world. That's a rock investment conference in Los Angeles. The last possible donor retail and crispy cream ice hockey company and our sport and videogame maker -- -- -- about their challenges which when he thirteen. And cats -- on Twitter at Rhonda -- for all her latest. I'm Fred Katayama and this is --