Investors: Tomorrow Will Be a Critical Day for the Stock Market. Here's What You Need to Know.
The Fed's FOMC is meeting for the first time with a new leader presiding.
Investors: Tomorrow Will Be a Critical Day for the Stock Market. Here's What You Need to Know.
Overview
Wednesdays are often unremarkable for investors, but the one coming up is an outlier. After all, it'll be the first monthly meeting of the Federal Reserve's (Fed) Open Market Committee (FOMC) presided over by new Fed chair Kevin Warsh.
All FOMC meetings matter, particularly to investors, but this one will be especially crucial. Here's why.
Details
Warsh's first FOMC meeting is his opportunity to set the tone of his leadership. Wise investors will parse his remarks for indications of whether he'll tend to be hawkish on inflation -- meaning he favors interest rate hikes to cool or mitigate it -- or be more of a dove, inclined to let the economy take its course.
Source
Originally published at www.fool.com.
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