Today at 1:15 pm, central time the Fed will release it’s official statement on interest rates, ending it’s two day policy meeting. While slightly overshadowed by the Goldman Sachs events as of late, the Fed’s statement is extremely important.
What we will be looking for:
Any minor changes to the language that would lead us to conclude tightening is moving closer from the Fed’s point of view. Tightening would eventually mean the increase of short term rates that have acted as an accelerate for our economy over the last several quarters.
What do we expect:
Our expectation is for VERY minor changes in the language, that would let us know the Fed is gaining more confidence in the recovery, but that a rate increase it not coming in the near term.
We will let you know if there are any major differences from prior meetings.
Have a Great Day!
JK