A very happy FOMC Day morning to all --everyone held tight yesterday w/ no change in stock indexes and gold (though silver's up to $17.32). Here's the plan today--
7:00 AM MBA Mortgage Index
10:00 AM Pending Home Sales
10:30 AM Crude Inventories
2:00 PM FOMC Rate Decision
--and futures traders are now seeing flat metals and mixed stocks. News over breakfast:
The Madness of Negative Interest Rates - Richard Rahn, Washington Times
Uncertainty Is A Fact Of Life, Get Used to It - Caroline Baum, MarketWatch
The Horror of Donald Trump Retrieving 'Lost Jobs' - John Tamny, RCM
Internet of Things Will Dramatically Boost Economy - David Drake, RCM
Sanders' Right Wing Arguments Against Soda Taxes - Jonathan Chait, NY
The Shockingly High Price of Federal Regulations - Editorial, Investor's
Oil's 'Magic Recovery' Number is $50/Barrel - David Wethe, Bloomberg
Saudi Prince Vows Thatcherite Revolution - Ambrose Evans-Pritchard, DT
Why Janet Yellen Could Blindside the Markets - Chris Matthews, Fortune