Market commentary

Friday’s non-farm payroll report reflected the Federal Reserve’s view the U.S. economy is slowing, and it goes without saying, the lack of job growth will make the path to recovery long and hard. All the more reason Tuesday’s Fed meeting is gaining more and more attention. There have been a few discussions suggesting the Fed should re-enter the markets as a buyer, however, that is most likely not happening soon.

The Fed is concerned the U.S. could be entering a deflationary period similar to Japan---let’s hope that is not the case.

After Tuesday’s Fed decision the most important data remaining this week is the Consumer Price Index, Retail Sales, and Consumer Confidence, all schedule for Friday.

This morning, both stock and bond markets are relatively flat to their respective closes on Friday.