No economic data on the calendar, however, the polls are open for mid-term elections which will give the markets plenty on which to focus. The Federal Open Market Committee (FOMC) of the Federal Reserve begins a 2 day meeting at which the committee members will discuss the state of the US and global economies, and the amount of quantitative easing (QE2) that may or may not be appropriate.
Bond prices slipped on Monday, but have rebounded slightly this morning. I expect the markets will be fairly tame until the results of the elections are know late this evening, at which time the focus will shift to the Fed announcement Wednesday afternoon.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment