Statements following the final FOMC meeting of 2014, particularly on the recent drop in oil prices and its impact on the U.S. economy, could have ramifications for near- and long term monetary policy. The FOMC will also provide markets with a new set of targets at this meeting, as it does four times a year. Market participants will be eager to compare the new FOMC forecast with the last one from September 2014. There is precedence for the Fed chair to hold a public discussion on oil prices, which could indicate if the Fed shares any of the market’s concerns about the speed of the decline in prices over recent months.
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Jason A. Jennings, CFP®
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