Fed Remains on Hold

by Mike Meyer
Daily Pfennig

Good Day. And welcome to Thursday morning. The Fed meeting has passed us by, which was largely a non-event, and left the markets pretty much in the same spot. I think most market participants didn’t have high expectations to begin with, but they at least wanted to be prepared for any rogue comments. I’ll dive a little deeper into the Fed meeting in a bit, but first, let’s see what Frank has in store for us today.

“After departing the Sprott Natural Resource Conference in Vancouver last night our flight took off to the west over the sound then turned south. Passing Mount Baker, the San Juan Islands looked like a great place to be on this blue sky day. Rainier was enveloped in clouds as we passed and we continued on over Seattle before turning southeast towards Phoenix.

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