What the Fed Will Do This Week — and Why

From bloomberg.com

Recent U.S. economic data are likely to make Federal Reserve officials more cautious when the Federal Open Market Committee meets this week to assess monetary policy developments and prospects. And they should. But the policy makers’ reserve won’t dramatically alter the central bank’s policy guidance, at least for now. The statement issued by Fed officials at the conclusion of their discussions on July 26 -- and the fuller details provided by the minutes that will follow in a few weeks -- are likely to provide the following signals on three immediate issues. Economic Outlook: More Cautious. The Fed will likely ... (full story)