Ahead of this week’s Federal Open Market Committee (FOMC) meeting, the market is looking at what Federal Reserve Chair Janet Yellen will say or do – it will also be her very first FOMC meeting as head of the central bank. It is expected will announce an additional $10 billion taper as well as removing its 6.5 percent jobless rate target for a rate increase.
According to CNN, these are four things that investors should expect from Yellen’s Fed:
– The continue of tapering
– Policy directions will change
– Weather will have affect on economic data
– Yellen is determined to create jobs