Archive for December, 2010

December 14 Federal Open Market Committee Meeting – What to Expect

Tuesday, December 14th, 2010

No significant action is expected when the Federal Open Market Committee meets tomorrow. This is in sharp contrast to the last meeting when the big splash known as the QE2 was annouced. In the QE2 announcement the Fed pledged $600 billion in bond purchases by the end of June next year to reduce interest rates and stimulate the economy. While there was plenty of skepticism at the time about whether it would work the early signs are not positive.