FOMC meeting starts today

The FOMC (Federal Open Market Committee) is meeting today and will conclude tomorrow. They will announce their decision on interest rates and also issue their thoughts on the economy in general and inflation in particular (as much as they can or are willing). So what can we expect? Not much. This will stay where they are. They may see some inflationary pressures but that might be the extent to which they will comment.

LendingTree Economist Predicts Stable Interest Rates :: WRAL.com: “The Federal reserve will keep interest rates stable for the sixth straight meeting of the Federal Open Market Committee on Tuesday and Wednesday, predicts LendingTree Chief Economist Jim Svinth.”

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