Quiet Morning Ahead of FOMC Meeting

Quiet morning ahead of FOMC meeting: Bond traders will get a reprieve this morning, as traders await the interest rate announcement after today's FOMC meeting. Most every economist and analyst expects the Fed to leave interest rates unchanged at 5.25%. However, the real story will be the release of the Fed's statement, especially in regard to its views on inflation. Bond bulls expect the Fed to mention that the US economy is starting to cool, and past rate hikes are starting to take their desired effects. Read More.....