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Two Ways to Play: Market Awaits FOMC Statement
FOMC Day The Federal Open Market Committee’s (FOMC) statement is due out today at 2:15 p.m. EST. Everyone is expecting the Fed to maintain the 0% to 0.25% overnight interest rate target. But what investors will be looking for are any signs that the Fed’s ultra-loose monetary policy will begin to end.According to Bloomberg Fed Chairman Ben Bernanke and his colleagues are likely to say that the US economy has been gaining strength. Economists will be looking to see how the Fed will eventually withdraw the unprecedented programs to jump-start credit including the purchases of almost $1.5 trillion in ...
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