The FOMC is unlikely to follow the bombshell

The FOMC is unlikely to follow the bombshell of Treasury buying and ramped up mortgage purchases seen at the March 18 meeting with something similar today. Instead, today's gathering is likely to be relatively quiet, which no major changes in policy announced. The main mission before policy makers is to get their economic assessment to look slightly more positive and reflective of recent comments made by officials, without going overboard. It'll be a subtle word game, and that's tough to do well.




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