Mini Taper News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To learn what comes out of that phone call today. >> the longer it lingers, the worse it turns into. we'll see. thanks so much, pamela. >> this story jumped a little bit to all the reaction but what really started it? what information was in that visa? who's involved? what about the nanny involved in we'll talk with the diplomat's lawyer live and dig into what was going on here in the first place. money time, though. and chief business correspondent christine romans is here with more on the big market rally. tell us more. >> a massive rally on wall street wednesday. the dow industrial, the s...

Costello. thanks for joining me. investors could be getting ready for a wild ride. at 2:00 p.m., the fed will announce whether it will pull back on its massive stimulus program. this is what has lifted stocks to record highs and giving your 401(k) a healthy boost. alison kosik is joining us from new york. good morning. >> good morning, carol. despite seeing your 401(k) do really well, there have been concerns about what will happen if the fed pulls back on the stimulus. there are questions, how is this going to affect the economy? how is this going to affect the markets? you look so far with t...

So far, the fed has pumped $3.8 trillion into the bond market over the past few years. most economists don't actually think that a change is going to happen today but there is a school of thought that a mini taper could be in the offing, bernanke could announce a $10 billion reduction in the $85 billion a month he's been pumping into bonds and the fed may be willing to pull back on the program because the economy is also bouncing back, look at jobs, they have a ways to go but they're recovering. gdp is better than expectations, the housing market continues to rebound, auto sales are running ho...

>> so funny, isn't it? ben bernanke the president chairman is give his last conference. the big question for investors is when this will happen and by how much the fed will bin reeling back its stimulus program. so far the fed has pumped $3.8 trillion into the market that's kept interest rates unusually low. while some economists, in fact, most economists expect it after the meeting a mini taper could be in the cards. >> like a tapette, a tapertini. >> the company seems to be getting back on its feet. they're doing a good job. bouncing back. but not all the way yet. gdp is better than expectat...