Markets Are Quiet, As The World Waits For Yellen
Jonathan Ernst/Reuters
Markets are pretty quiet today, as the world waits for the latest decision from the FOMC, which will be this afternoon.
Everyone is wondering whether the Fed - or Janet Yellen in particular - will give some kind of hint that the first rate hike might be a little sooner than the market currently anticipates. It's unlikely she'll say anything too dramatic, so there's likely to be a lot of Kremlinology, and picking apart her words in order to ascertain meaning.
Like we said, markets are quiet, which is in a way surprising.
Concerns over missing metals are rising in China, as a state-owned firm says half of the aluminum it was holding in one location has gone missing.
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