The show is almost begin. Buckle up guys, the market is gonna ride the roller coaster no matter there is QE or no QE.
FOMC Projections Preview
There is plenty of discussion about QE3 (will they or won't they), but another key piece of information released tomorrow is the projections of the FOMC participants. In advance of the meeting I thought I'd take a look back at the previous projections from the June meeting. The first chart is when participants project the initial increase in the target federal funds rate should occur, and the participants view of the appropriate path of the federal funds rate. "The shaded bars represent the number of FOMC participants who project that the initial increase in the target federal funds rate (from its current range of 0 ... (full story)