did not indicate any optimism on either the FOMC or the Board of Governors that better times were at hand.
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Open market operations are the most powerful and often-used tool for controlling the funds rate. These operations, which are arranged nearly every business day, are designed to bring the supply of Federal Reserve balances in line with the demand for those balances at the FOMC's target rate.
The FOMC could also expand its purchases of longer-term Treasury debt
The dollar took another hit as the FOMC established a target range for the Fed Funds target rate of zero percent to 0.25 percent
Short term investors maintained a cautious stance ahead of the FOMC’s decision on interest rates late Tuesday ... Investors will continue to look for direction from U.S. stocks.
There is some position-squaring ahead of the FOMC ... This is the quiet before the storm.
I think right now there's a little bit of positioning for tomorrow's FOMC announcement, with anticipation of wording on how they plan to conduct quantative easing
widely expected to cut interest rates again and probably say something about future actions it is considering. Momentum says we have a few more days up before some modest pullback after the FOMC meeting
The FOMC meeting should be overshadowed this week by earnings from Goldman Sachs (GS: , , ) on Tuesday and Morgan Stanley (MS: , , ) on Thursday