US stocks are opening higher Wednesday morning, after Apple reported strong earnings results, ahead of a statement this afternoon from the Fed on interest rates. Most believe the Fed will leave interest rates unchanged amid continued signs of a struggling global economy. Crude is trading up slightly off its lows, while treasuries are a little better this morning ahead of the Fed. High yield was a bit weaker yesterday as there was some profit taking after a big run from early October levels, despite another day of strong inflows to the asset class. Tuesdays inflows were +$658 for the day lifting the weekly tracking total to north of $2.5 billion after last week’s record inflow total of $3.3 billion. In the absence of a huge reversal of flows today the four-week stretch of inflows will be over $8 billion after Thursday’s report. Two new deals priced yesterday for $1.35 billion in proceeds.