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Here's What the Fed Will Do
Interest in next week’s two-day Federal Reserve meeting has intensified after last week’s extreme market gyrations. And views are quite diverse on Wall Street about what is likely to emerge. When it first gave the timetable for an orderly exit from its third round of quantitative easing, the Fed hoped it would complete the final step this month amid a stronger economy -- one with fundamentals that would also make markets a lot less sensitive to every utterance from Fed officials. Instead, the economy has yet to attain liftoff and, judging from last week’s financial excitement, the asset-price linkages between ... (full story)
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