Investors must be exhausted by the daily theatrics on the fiscal policy side. For what was once a headline dominating event in the latest Federal Open Market Committee (FOMC) meeting, this week has seemingly been relegated to being an afterthought. But the latest Fed gathering on June 13-14 that is immediately followed with a press conference on Wednesday afternoon is worth watching particularly closely. For not only is the Fed almost certain to snatch its second quarter point rate hike in 2017 and third in the past six months, perhaps more importantly it is expected to lay out the course for some important monetary policy changes in the coming months.
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