It's Fed meeting day -- but does anybody care?
It's funny, but Fed meeting days just don't provoke the same level of excitement and angst for the market as they did in recent years. The prognosis is that officials will do nothing with rates and won't significantly change their post-meeting statement. Sure, there will be the usual parsing of every new syllable in the release. But it's just a bunch of noise, as far as I'm concerned, until it becomes clear the Fed is going to hike or cut -- and we're just not there yet.