Consumer confidence at low, Fed to cut wed.

Stocks came roaring out of the gate this morning with The Dow up 300 points, but the rally lost momentum when The Conference Board's Consumer Confidence Survey came in with its lowest reading since the monthly surveys began in 1967. The Federal Open Market Committee (FOMC) is meeting today and tomorrow. Their Policy Statement is due for release at 11am tomorrow and it's widely expected that we'll see at least a 50 basis point cut in the Fed Funds Rate.