US FED: FOMC meets today and statement due at 2:15PM and there is no press conference by Bernanke.
First Published Tuesday, 13th December 2011 09:41 pm - © 2011 MNI News
MNI's products provide timely, relevant, and critical intelligence for market professionals. Learn more
US FED: FOMC meets today and statement due at 2:15PM and there is no press conference by Bernanke. Ward McCarthy of Jefferies & Co expects "FOMC will continue to lean toward accommodation at this meeting, while acknowledging some improvement in the economy, and also probably changing some language in the policy statement in the ongoing effort to improve communication." He also says the FOMC may not be able to reach a decision at this meeting on changing communitications due to composition of FOMC. McCarthy says, "expect the unexpected," adding that any change in language will create some confusion and no change in language could also create confusion.