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Re: iconoclassic post# 372883

Monday, 06/08/2015 10:07:24 PM

Monday, June 08, 2015 10:07:24 PM

Post# of 376163
FOMC meet seems media speak Yellen

Looks like Yellen due on this one unlike last one. Fed used to rarely announce a rate change on non-speaking meetings hence Sept is on table prediction for many now. Some even mention Oct but that's a non quarterly. Unless Fed wants to break form there's plenty of time left. Thinking Sept if at all. This June one has CPI and Jobless Claims the very day Thurs am and quad witch Friday.
December is historical a no due to being so close to Holidays.
Sept or nothing if June does pass.
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The Fed announced on March 24, 2011 that then Fed Chair Ben Bernanke would hold press briefings four times a year to explain the FOMC's latest quarterly economic projections. Additionally, the purpose of the briefings is to provide additional context for the FOMC's policy decisions and to allow for Q&A with the press. According to the Fed, the "introduction of regular press briefings is intended to further enhance the clarity and timeliness of the Federal Reserve's monetary policy communication." As of March 20, 2013, the press briefing is held at 2:30 p.m. ET on the days of FOMC statements in which quarterly projections are released. These FOMC statement dates are designated as the ones released in the final month of each quarter—March, June, September, and December. The policy statement is released at 2:00 p.m. ET after the conclusion of every FOMC meeting regardless of whether there are forecasts or not. This schedule started March 20, 2013. Fed Chair Janet Yellen continues this practice of holding the quarterly chair press conference.


The greatest deception men suffer is from their own opinions.
~ Leonardo da Vinci

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