The FOMC preview Steve Beckner
The dean of Fedwatchers is out with his preview for today of the FOMC’s decision. Steve Beckner does not anticipate much change on the Fed’s language on inflation.
The theme of today «may be the way in which the COMMITTEE evaluates the economic and financial situation in the light
of growing evidence the economy is recovering, the record Wall
Street performances and mounting of the impetus for tax cuts,» Beckner wrote.
Until now concerns about the financial conditions have been limited to a few participants, but with the stock market roaring and the volatility of scraping the bottom, this could change.
Read his preview here.