There is a full economic calendar this week, but all eyes will be on the two-day FOMC meeting and the rate decision on Wednesday.

It will be interesting to see how the FOMC approaches this meeting. The current Fed Funds target rate is 0-0.25%, which in and of itself is rather strange. It is a moving target, not a fixed rate. Who determines which rate is used? My guess is this meeting will be used to clarify what the rate is. The Fed will either officially reduce it to 0% in a continued effort to resuscitate the economy, or lock it in at 0.25%. This would at least leave the Fed with one perceived bullet in the gun.

The rest of the…

The US may be the world’s biggest economy, but it is lagging way behind in broadband penetration. President-elect Obama wants to change that, bringing broadband to all communities. David Fessler provides seven ways to profit from this “gargantuan” infrastructure upgrade.

Editor’s Note: Money Morning’s Horacio Marquez says Cisco System’s beaten down share price is a great buying opportunity for investors. From a financial standpoint, Horacio says Cisco is virtually bulletproof. It has a $140 billion market cap and no debt. It has strong growth in emerging markets. And it’s shares are going at a bargain price…