Today the FOMC (Federal Open Market Committee) better known as the “The Fed,” concludes their two day meeting with a public interest rate, and economic announcement at 2:15 Eastern Time.
We expect no significant changes in the Fed’s statements today, but possibly verbage regarding the recent Discount rate adjustment. Capital Market Participants will review the verbage for clues and changing of language looking for an indicator of a time frame for the eventual rise in the more important Fed Funds Rate. Our suspicion is this change is still a few quarters away, but we will certainly review the statement for clues.
In honor of Spring Break,
and if it is raining as hard in your location as mine, you might find this FED 101 site interesting.
This is a pseudo animated, and highly pictorial view, of the Federal Reserve, geared towards our educators, but after 20 years of working in this industry, I found several items very interesting, and educational.
Have A Good Day!
JK