Get Positioned for the Fed
The Federal Reserve begins a two-day meeting today, and there is broad consensus that additional monetary easing measures will come at either this meeting or the next. I agree with the consensus that new stimulus is all but assured at this point, but there is still open debate as to how exactly you should position yourself for these possibilities. Here are my thoughts.
It's a little bit of a crapshoot to guess at whether any new stimulus is coming this meeting, or whether the Fed will opt for the gathering on Sept. 12 to 13. On the one hand, the Fed wants to act quickly. On the other hand, after the September meeting is when the Federal Open Market Committee will be presenting its updated growth, unemployment and inflation forecasts, as well as holding a press conference. That would give it a little more room to explain why it's embarking on new easing measures....704 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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