Out of Answers, Federal Reserve Can Only Offer Empty Rhetoric

The Federal Open Market Committee (FOMC) is scheduled to issue a statement at 2:15 pm. today (Tuesday), but don't expect anything other than more empty rhetoric. Indeed, with few options remaining, the Fed is expected to produce little more than a statement designed to reassure the markets following today's meeting. "If the Fed were smart, they would use this meeting to take decisive action," said Money Morning Chief Investment Strategist Keith Fitz-Gerald. "Sadly, though, I think

Federal Reserve