Quicken Loans Market UpdateTreasuries are down this morning as economist predict the Federal Reserve will not implement a third round of quantitative easing (QE3) when the results of their two-day meeting are revealed at 2:15 PM today. Also, the demand for safe assets was reduced yesterday when Italy’s Prime Minister Mario Monti revealed “Italy does not need a bailout.”

What’s Up On Wall Street?

All of the U.S. markets closed in the red yesterday as investors await the results of the Federal Reserve’s two-day meeting later this afternoon. The Dow Jones Industrial Average dropped 64.30 points (-0.49 %) while the Nasdaq Composite slipped 6.32 points (-0.21 %). Finally the S&P 500 closed down 5.98 points (-0.43 %).

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