Good Morning and happy FOMC Day!
Again yesterday stocks remained in stasis going nowhere in even lower volume while gold and silver edge back up ($1,3221.50 and $19.50).
Here's the full econ stat docket:
7:00 AM MBA Mortgage Index
10:30 AM Crude Inventories
2:00 PM FOMC Rate Decision
Elsewhere:
A Messaging Tip For The Donald: It’s The Fed, Stupid!
Federal Reserve Faces a Credibility Problem - Patrick Gillespie, CNNMoney
These Could Get Crushed If the Fed Raises Rates - Kenneth Rapoza, Forbes
Europe Will Regret Chasing U.S. Companies Away - Matthew Lynn, MW
Fair Price for Oil Is Around $70? Nope 'Not A Chance' - Tim Daiss, Forbes
Venezuela In Such Bad Shape It's Buying U.S. Oil - Krauss & Casey, NYT
Reckoning Comes for U.S. Pension Funds - Elizabeth Campbell, Bloomberg
Keep Your Wits When Stocks Come Unglued - John Prestbo, MarketWatc