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10.29.2014 Decision Day! Bookmark

Well here it is...today we get to hear from the FOMC what they're going to do with monetary policy. While there's no doubt they will end QE, what is most important is the language they utilize concerning bringing it back if things go sour. Right now the market is firmly convinced that just like QE1, and 2 ended, they'll rush right back in with more free money if things get soft.
Well here it is...today we get to hear from the FOMC what they're going to do with monetary policy. While there's no doubt they will end QE, what is most important is the language they utilize concerning bringing it back if things go sour. Right now the market is firmly convinced that just like QE1, and 2 ended, they'll rush right back in with more free money if things get soft.

So right now that's the most important part of the day. If the Fed's aren't as dovish as the Street wants, they're going to pout about it and we could peel off some points. If however they gush about being data dependent and that they'll be quick to "act" if the numbers start to fade, then the market is free to run even higher.

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