Little of importance is generally anticipated to result from this week’s FOMC meeting. Virtually no one expects the FFR to be changed. Changes in the wording of the statement are expected, particularly to reflect the slight decline in real GDP recently reported and perhaps to address recent changes in inflation and unemployment. Similarly, not much is expected to change in Powell’s introductory remarks at the press conference. Hence, the focus will be on the Chairman’s answers to questions asked at the press conference.
