Fed Meeting Today?

[Roman Candle]

I had no idea, not like it really matters. Fed meeting, who cares!

 

[S2007S]

Talk is that sometime by the end of 2009 rates will be back up near .50%, they aren't going to even do anything today but give everyone a heads up on where the economy is and where its heading, if they say anything positive I would just sit back and take it as one big LAUGH.

 

[Eight]

Consumer spending is up a bit.

 

[Kassz007]

Quote from Eight:

Consumer spending is up a bit.

This is not insignificant.

 

[R. Raskolnikov]

Probably has something to do with the fact you aren't a professional trader. If it was YOUR true profession, you would have known at least by Monday that we had an FOMC announcement on Wednesday.

Quote from Roman Candle:

I had no idea, not like it really matters. Fed meeting, who cares!

 

[Daal]

Quote from S2007S:

Talk is that sometime by the end of 2009 rates will be back up near .50%, they aren't going to even do anything today but give everyone a heads up on where the economy is and where its heading, if they say anything positive I would just sit back and take it as one big LAUGH.

What 'talk'?Fed fund futures are up today, this means lower a fed funds rate

 

[ITR2744]

I urgently suggest, that you consult one of the various economic calendars out there, e.g. http://www.bloomberg.com/markets/ecalendar/index.html

 

[wjk]

http://www.federalreserve.gov/whatsnext.htm

 

[PAPA ROACH]

Rates are creeping back up, which is countering what the FED wnats at the moment, expect announcements of further fed buying of treasuries to lower mid-long rates down again.

 

[Pekelo]

Quote from Roman Candle:

I had no idea, not like it really matters.

Dear newbie! I suggest you take a full margined position around 14:10 without a stop loss. Then wait for what happens. You will be either very happy or will learn a valuable lesson such as not to talk about something what you don't know shit....