F_O_M_C in 20 minutes

Remember -2:15 p.m. EDT.

As I have every F_O_M_C / F_E_D statement for the last 4-5 years, I always warn about initial knee jerk reactions. I've seen too many of these and there's a definite trend toward an initial knee jerk and then a reversal of that, sometimes the same day, sometime a few days later. I have no idea what it will be or if it will be as the last F_O_M_C didn't produce a very strong knee jerk as it was a snoozer statement.