The Feds to release their Policy Statement
Wednesday should be an interesting day for the market as the FOMC will release their interest rate decision. The event should be a yawner as we predict short term interest rate should remain at 5.25%. What investors will be looking for is their view on the economy, particularly inflation. Depending on the policy statement, the market could rally or fizzle. We are predicting the market will end the day in the red as the Feds will hint that interest rate will not be coming down anytime soon. If our prediction comes true, it would be an excellent opportunity to buy. In our opinion, the economy is in great shape so let’s not mess with it. It’s not growing too fast and it’s not slowing to a halt.
