Fed Likely to Disappoint the Markets

Originally published on Fox Business Expectations for significant action by the Federal Reserve today have dampened as investors prepare for disappointment. In recent days, the markets seemed to be ramping up for a big announcement from the Federal Open Market Committee, which wraps up two days of meetings on Wednesday. There was a lot of talk of another round of quantitative easing, in which the Fed buys government bonds in an effort to stimulate growth. Now the expectations have been lowered, which likely means the disappointment will translate into less of a market selloff once the Fed announces its plans at 2:15 p.m. EST. “The Fed is highly unlikely to take any action,” said Peter Tchir, founder of TF Market Advisors in Connecticut. Continue reading this article here.