Your Scorecard for the Fed Meeting
The Federal Open Market Committee (FOMC) meets next Tuesday and Wednesday, and few are expecting any major changes in the Federal Reserve's statement. However, this meeting is notable for a few reasons.
One is that it will be the first meeting to include a new set of voting committee members. I will use this opportunity to examine where I believe each member stands on the hawk-dove scale. Second, the Fed may use this release to correct a misreading of the December meeting minutes. Therefore, I believe the risks around the release are on the dovish side. The reaction to the Bank of Japan's meeting overnight should bolster the Fed's resolve to be crystal clear in its communications....755 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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