Statements following the final FOMC meeting of 2014, particularly on the recent drop in oil prices and its impact on the U.S. economy, could have ramifications for near- and long term monetary policy. The FOMC will also provide markets with a new set of targets at this meeting, as it does four times a year. Market participants will be eager to compare the new FOMC forecast with the last one from September 2014. There is precedence for the Fed chair to hold a public discussion on oil prices, which could indicate if the Fed shares any of the market’s concerns about the speed of the decline in prices over recent months.
Jason A. Jennings, CFP®
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