What to expect from the Fed

Author: Jamie Coleman | Category: Central Banks

Not much, to be honest. Expect a modestly more upbeat assessment of present conditions based on the improved employment data of late, but no hints at a change in policy anytime soon.

This is probably more of a wait-and-see meeting than a meeting to set a new course, in my estimation.

Given that Bernanke was more upbeat when he spoke on the Hill a few weeks ago, a modestly more upbeat outlook likely won’t have too much impact on the markets.

If policy is going to stay lower for longer and the economy is strengthening a touch, it argues for a risk-on attitude among the markets.

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