European investors can breathe a sigh of relief after the German constitutional court ruled in favor of the European Stability Mechanism. But their focus will now shift toward the FOMC which begins its two-day meeting this morning. The markets were inspired by the German court’s ruling, and it looks like we will have another ‘risk [...] German Court Upholds European Bailout Mechanism… originally appeared in the Daily Reckoning . The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas. ".