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It’s Fed day.  Their monetary policy statement will be read in two hour’s time.  It will be interesting to see if they address the GDP report released this morning at 0.1%, well below the 1.0% expected and WAY down from the 2.6% seen Q4 of 2013.  GDP is, in my opinion, the biggest measure of economic activity in any country.  The Fed has a target growth rate for GDP at 2-2.5% per year so this one really stinks.  Will they continue to taper their bond purchases by another $10B going forward?  We’ll know in a couple of hours and see how the markets react.