It’s A FOMC Jamboree Day!

by Chuck Butler
Daily Pfennig

Good Day… And a Wonderful Wednesday to you! Not for me so far, but who’s to say how things will be in a hour or two? I hope to be back in the sack by then, I do know that! I recall the first 6 months that I received infusions, and how the nurses and doctors would be incredibly surprised when I would tell them I was still working every day… Now, I get what they were referring to… UGH! But I’ll be fine, no worries! Just a rough patch I’m going through right now… So, let’s get moving today, this will be short-n-sweet today, because, well, I’m dead tired, and there’s not a whole lot to talk about. Supertramp greets me this morning with their song: From Now On..

Well, today is the day… How many times have I said that in the past couple of years, as the markets come to a standstill for the results of a Fed FOMC Meeting? Plenty, I’m sure… But it is what it is, and today is another day when the markets will come to a standstill waiting for Fed Chair, Janet Yellen, to deliver the news about interest rates, and then subsequently, explain to the media and markets why such a move or non-move was made in a press conference. I’ve told you for months now that the Fed won’t hike rates at this meeting, and I’ve told you the last two days what I think Yellen will discuss with the media and markets afterward. So, we don’t have to rehash those thoughts, but if you missed class on Monday and Tuesday, please feel free to go to the archives and read the Pfennig at:

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