It’s tempting to use the September 13 FOMC meeting as a model for what is going on at the moment across markets and for the USD. But that depends on the Fed’s actions and other issues as well. FOMC: what to expect It’s all about the FOMC meeting today and what the Fed announces and the guidance it offers for the future. At issue is the replacement of the current Operation Twist, which is on the order of USD 45 billion per month. Other side issues will be the nonsense about specific economic data targets (yes, it could be meaningful for how the market we will need to react to data releases going forward, but this idea ... (full story)