Fed Preview

The Federal Reserve will wrap up their two day meeting today, with expectations that they will officially end asset purchases and keep the "considerable time" forward guidance. Unlike previous meetings, there will be no press conference following the announcement or any new projections with the now infamous DOTS. With inflation numbers still below the 2 percent level, while the job market is strengthening, has created somewhat of a conundrum for the Fed. Many economists feel a key point will be whether the Fed mentions implicitly that asset purchases could be restarted if the outlook deteriorates. The Fed statement will likely strike a balance between having a somewhat hawkish view on continued optimism while also being flexible should the outlook weaken.