FOMC DRIFT IN THIS TIME OF TIGHTENING
The 'tourist reviews the price action around the past four rate hikes
Well, it’s that time again. Today at 2pm, the FOMC announces their decision regarding the change in monetary policy. With the recent signaling from WSJ’s Nick Timiraos cementing a 75 basis point rise, there should be little surprise from that end.
But, just because the Federal Reserve has prepared markets doesn’t mean there won’t be any action.