Daily Futures Trading Update
What to Expect from the FOMCPosted 06/13/2017 9:24AM CT |
Today the FOMC (Federal Open Market Committee) will be meeting to discuss interest rates. They are expected to raise their benchmark interest by one quarter percent. They may also provide more details on their plans to shrink the $4.5 trillion dollars of assets they have amassed to nurse the economic recovery. Frederik Ducrozet, an economist at Picet Wealth Management said, “If the Fed is tightening policy and embarking on a gradual normalization path, whether it is the short-term policy rates or the balance sheet, it wants the market to believe it and to adjust to it.” Since the rate hike is expected, the more market-sensitive elements of the meeting will relate to signals on future policy. Traders will be looking for the comments that come out after the committees’ decision and what Janet Yellen has to say. Results are announced at 1:00 pm CST time on June 14.