The Week Ahead: Will The Fed Change Course?
Jeff Miller | Jun 16, 2013 12:28AM ET
After weeks of speculation based upon speeches, newspaper columns, and pundit pontification we will finally have some hard information. Maybe. The two-day FOMC meeting will include not only the regular announcement of the decision, but also revised economic forecasts and a press conference by Chairman Bernanke. Everyone will be watching for any hints of a change in policy.
- Will the Fed reduce the pace of the current QE purchasing?
- If not, will it provide more information about the timing of a possible change?
- What might be the size of any reduction?
Those expecting early action seem to focus on September. Tim Duy Jim O'Neill reaches a similar conclusion :
In the short term, getting back to normal probably means some fallout across equity markets, too -- but this is much less likely to be lasting. Longer-term investors will want more exposure to equities, not less. Normality means a reversal in the popularity of the two main asset classes: As people fall out of love with bonds, they'll fall back in love with equities.
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