Fed Day’s are always exciting times for traders.
These are scheduled events when the Federal Open Market Committee emerges from their meeting and gives the world their perspective of the USA’s Economic health, as well as any Interest Rate changes. This will be the fourth such meeting this year, of eight scheduled.
The majority of pundits don’t expect any change in interest rates at this time. And, the language about “exceptionally low levels of the federal funds rate for an extended period” may remain in their minutes as well. Nevertheless, there have been some economic developments since their last meeting in April which could cause a less positive tone.
- The labor market stumbled
- Retail has been weak
- Housing starts plummeted in May
The debt crisis in Europe has taken the spotlight on many occasions recently. Today the UK Budget Report may upstage again.
Serious investors/traders will always be aware of these scheduled events by the Federal Reserve. You can find their schedule and their minutes at the following address: http://www.federalreserve.gov/mo….