Chinese Premier Wen Jiabao has announced that China will indeed meet their growth target for the year.  Markets have long been concern over slowing growth in China.  The German Constitutional Court has also announced that their ruling on the European bailout fund will be announced tomorrow. 

 The FOMC meeting is scheduled to begin tomorrow with forecasts scheduled to be released on Thursday. Bernanke’s press conference is also scheduled for Thursday.  Many analysts expect that the Federal Reserve Bank will launch a third round of quantitative easing, but there is still some skepticism over whether or not Bernanke will have enough votes to push the program through.

Moody’s has announced that they may downgrade the U.S. government’s credit rating if they cannot lower the nation’s debt ratio in the upcoming budget negotiations.

Indicies are up with the Nasdaq and S&P 500 both up around 6 points each. 

James Ramelli B.S. in Finance from UIUC. Email: james@keeneonthemarket.com Follow: @Jim_KOTM