Investors look to FOMC economic projections for guidance
Like a doctorpatient relationship, so, too, is the Federal Open Market Committee FOMC visàvis the US economy. A visit to the doctor can be a routine, uneventful experience. However, if the patient is ill or if the doctor finds unexpected health problems, the prognosis moving forward can have a significant impact on the patients life, be it financially or as to how they conduct their daily routine. The doctors goal is to help the patient return to a healthy life. It will come as no surprise, therefore, that investors, traders and just about anyone who stands to be affected by the status of the US economy is interested in the FOMCs economic projections and policies that they plan to implement. Will the FOMC report on a strong economy moving towards its goals? Or will the committee make significant policy changes?