Weekly look ahead

This week will probably be all about the Fed meeting announcement Tuesday, even though it shouldn't be. I'd bet money (and effectively I have in my market positions) that the Fed will not ease interest rates this soon, or even indicate they might, for fear of igniting inflation. Right now the economy is in that happy medium the Fed loves dearly where companies aren't suffering and inflation isn't roaring.

In the future we're likely to see a softening economy and lowering rates. Probably not before next year though. We could see some selling from people who might have expected some sort of Fed softening.