I am expecting little news from the FOMC this week. The committee should take the final tranche of QE off, which might have been an unfavorable surprise amid the financial market volatility two weeks ago, but which is likely to go unnoticed this week.

Some of the regional presidents have been advocating their views towards on the one hand a slower move to higher interest rates (President Evans of the Chicago Fed, see his speech here) or on the other hand, a faster move (President Plosser of the Philadelphia Fed, see his speech here). My personal view is closer to the raise-rates-later view of President Evans. whatever the decision turns out to be, I do not expect any committee level move with this meeting, but we might get some additional information from Chair Yellen’s press conference and the updated “dot plot”, December 17th.

-John Eckstein, Chief Investment Officer

All information contained herein is for informational purposes only. This is not a solicitation to offer investment advice or services in any state where to do so would be unlawful. Analysis and research are provided for informational purposes only, not for trading or investing purposes. All opinions expressed are as of the date of publication and subject to change. Astor and its affiliates are not liable for the accuracy, usefulness or availability of any such information or liable for any trading or investing based on such information. Please refer to Astor’s Form ADV Part 2 for additional information regarding fees, risks and services.