The FOMC preview from Steve Beckner
The dean of Fedwatchers is out with his preview for today’s FOMC decision. Steve Beckner doesn’t anticipate much change on the Fed’s language on inflation.
The focus today «may be how the FOMC assesses economic and financial conditions in light
of growing evidence the economy is rebounding, record-breaking Wall
Street performances and mounting momentum for tax cuts,» Beckner writes.
So far worries about financial conditions have been limited to a few participants but with stock markets roaring and volatility scraping the bottom, that could change.
Read his preview here.