The 1 Sentence to Watch For in Next Week's Federal Reserve Statement
The Fed might nix its policy easing bias at next week's meeting.
Overview
The Federal Reserve's monetary policy committee -- the Federal Open Market Committee (FOMC) -- meets next Tuesday and Wednesday, June 16-17, to discuss its next policy move.
We'll learn of any news from that meeting in the statement the FOMC issues on Wednesday afternoon at 2 p.m. ET.
Details
The committee isn't expected to alter its target interest rate at the meeting. But something critical might happen, anyway. That critical news would be a change in the Fed's bias, from easing rates in the coming months to a neutral stance, or even a bias toward tightening, which could move markets significantly.
Source
Originally published at www.fool.com.
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