What To Expect From Today’s Fed Rate Decision

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies

Despite today’s unexpectedly strong ADP and ISM report, which however followed a disappointing Q4 GDP print, the FOMC meeting at 2pm should be largely uneventful. The Federal Reserve, which won’t have seen Friday’s payroll report yet, will only release its statement without a press conference or Summary of Economic Projections. This offers market participants less information to digest and react to, and therefore consensus expects no change from the Fed.
A quick reminder on what has happened in markets since the Fed’s latest, and only second in the past decade, rate hike which has seen the yield curve has flatten:

This post was published at Zero Hedge on Feb 1, 2017.