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Tag: market reaction to Fed announcement

Fed to Stand Pat – Still Operating on Powell’s Dramatic Change

What to Expect Today The Federal Open Market Committee (FOMC) is going to do absolutely nothing today at 2:00pm regarding interest rates. The market is expecting nothing and nothing it will get. Any other action would be a total and complete shocker. In fact, at this point, the market isn’t pricing in any FOMC action until the very end of 2020 where a rate cut is expected. Keep in mind that market expectations even a quarter out don’t amount to […]   Read More
Date: December 11, 2019

Fed Statement Day

Today ends the Fed’s two day meeting with no action taken. Analysts will parse that statement for clues about a possible September rate hike, but as I have said for a long time, the Fed should absolutely  not raise rates anytime soon. Oil is tame. Inflation is non-existent. Our economy is mediocre at best. Europe is teetering and Japan is, well, Japan. Raising rates to have some ammunition for the future is the single most absurd argument I can recall. […]   Read More
Date: April 29, 2015