No Surprises Expected as Markets and Federal Reserve Say Goodbye to Janet Yellen

The Federal Reserve meets on Wednesday for the last time with Janet Yellen as chair before Jerome Powell takes charge, Markets have priced in negligible odds of rate hike next week. The Fed appears irrelevant in the current stock mania.

What To Look For With Yellen and the FOMC

On Tuesday the Federal Reserve’s FOMC begins a two day meeting. On Wednesday at 2:00 p.m. ET there will a FOMC statement issued. The Fed is not expected to change interest rates but investors will be looking for more detail on its balance sheet and for further and inflation.