I’m quite anxious to hear what the Fed Chair has to say at the conclusion of the FOMC meeting midday.
Just watching stocks and bonds one has to believe there will be no extreme reaction after the announcement and press conference–not that it makes any difference to me and probably most of you—you’re either in and trying to earn some income or you’re not. We are all struggling to earn a decent return in this continuing low coupon environment.
The yield curve has flattened quite a lot with the short end of the curve moving significantly higher while the 10 year drifts with not much change on the week–at about 1.57% versus last Friday’s close at 1.56%. Forecasting a slowing economy–of course it is slowing–how could it not be slowing?
So we wait and watch.