Federal Reserve chatter

Focus turns to the FED and its 2 day policy meeting.

Expectation:

-Rates to remain on hold
-A signal that the FED will continue to move forward in its aim to provide the markets with greater transparency and clarity. I expect that Ben Bernanke will signal that the FED is looking at providing targets for unemployment, inflation, and perhaps GDP.

The chairman is scheduled to speak tomorrow.

HappyTradersFx

Main Points:

language change:
US economic growth improved in 3Q
Household spending increased
Overall growth improved somewhat

Those that were betting on more QE are disappointed.
The report is good for the dollar
Evens did dissent but market players were hoping for more than just 1 lone dove.

Now we can go back to focusing on the EU

Happy Trading