FOMC Preview: No Rate Hike
From Tim Duy writing at Bloomberg: Janet Yellen's Prediction Last Month Is Already Being Vindicated.
Wednesday:
• At 7:00 AM ET, the Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
• At 2:00 PM, the FOMC Meeting Announcement. The FOMC is expected to make no change to policy.
• At 2:00 PM, the FOMC Projections. This will include the Federal Open Market Committee (FOMC) participants' projections of the appropriate target federal funds rate along with the quarterly economic projections.
• At 2:30 PM, Fed Chair Janet Yellen holds a press briefing following the FOMC announcement.
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