March 2017 – Fed Preview
The Federal Open Market Committee (FOMC) of the Federal Reserve Bank is set to announce any change of short-term interest rates tomorrow at 1:00pm CT. Fed Chair Janet Yellen will speak at a press conference at 1:30pm CT to discuss monetary policy and answer questions from the media. We will also receive the Summary of Economic Projections, including the “Dot Plot,” from the FOMC detailing members’ forecasts.
As with the December 2016 meeting, there is not much suspense, market-based gauges again are pricing in a 100% certainty of a rate hike. We’re passing along a short slide deck updated with the latest data that drives the Fed’s decision making and as you’ll see the data has continued to improve over the past few readings — a positive sign for the US economy and its ability to withstand less accommodative monetary policy. There will be plenty of information to digest beyond the potential policy move from the FOMC statement, Yellen’s remarks as well as the committee’s projections – and we’ll keep a close eye on the market’s reaction throughout the day.
We hope you find the contents insightful and as always please let us know of any questions or concerns.
Important Disclosures:
The views expressed herein are those of Douglas Ciocca on March 14, 2017 and are subject to change at any time based on market or other conditions, as are statements of financial market trends, which are based on current market conditions. This information is provided as a service to clients and friends of Kavar Capital Partners, LLC solely for their own use and information. The information provided is for general informational purposes only and should not be considered an individualized recommendation of any particular security, strategy or investment product, and should not be construed as, investment, legal or tax advice. Past performance does not ensure future results. Kavar Capital Partners, LLC makes no warranties with regard to the information or results obtained by its use and disclaims any liability arising out of your use of, or reliance on, the information. The information is subject to change and, although based on information that Kavar Capital Partners, LLC considers reliable, it is not guaranteed as to accuracy or completeness. This information may become outdated and we are not obligated to update any information or opinions contained herein. Articles may not necessarily reflect the investment position or the strategies of our firm.