While the grain trade waits anxiously for Wednesday's USDA report, the rest of the market world will have to tread water a little longer for their next big news out of Washington. The Federal Reserve updates its monetary policy as the grain markets close Wednesday. And just like happens with USDA reports, the devil is likely to be in the details.
No change in interest rates is expected, with the central bank keeping its target for federal funds between zero and a quarter of a percent. But investors are anxious to hear what the Fed has to say about the health of the economy. Specially, the market wants to know if Bernanke and Co. will reveal their plans for starting to unwind the Fed massive intervention in an array of markets.
Powered by iNet Solutions Group ©2011 All Rights Reserved.