US FED: FOMC meets today and statement due at 2:15PM and there is no press conference by Bernanke.
First Published Wednesday, 14th December 2011 04:41 am - © 2011 MNI News
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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.