The Federal Reserve begins its two-day FOMC meeting today and the last for Chairman Ben Bernanke. Market watchers are whispering about an additional $10 billion taper, but Belpointe Chief Strategist David Nelson believes the latest economic data, including Tuesday's durable goods numbers, could cause the Fed to back off its intent to taper. Nelson thinks if the Fed chooses not to increase the taper amount and has no action, it means they are worried.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

More from Video

GE Beats Earnings Estimates and 4 Other Stories You Must Know Friday Morning

GE Beats Earnings Estimates and 4 Other Stories You Must Know Friday Morning

Video: This One Mathematical Concept Can Make You a Millionaire

Video: This One Mathematical Concept Can Make You a Millionaire

AAP Exclusive: Nvidia is Tied to Crypto and That's Bad

AAP Exclusive: Nvidia is Tied to Crypto and That's Bad

Video: Abercrombie & Fitch Shares Surged 57% So Far This Year

Video: Abercrombie & Fitch Shares Surged 57% So Far This Year

Video: Why It's Key to Invest in Stocks Even If You Have Student Loan Debt

Video: Why It's Key to Invest in Stocks Even If You Have Student Loan Debt