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FOMC Meeting Next Week. No Iceberg In Sight; All Ahead Full

The Federal Open Market Committee meets this coming Wednesday, Dec. 10-11. It’s the last meeting of 2019 and investors can be fairly certain there will be no fireworks this time. None. This marks an important change from the way things were 12 months ago.

That’s all to the good given what happened at that last FOMC meeting in 2018 on Dec. 20. Think back now to that conclave, even though you probably don’t want to. That was when the FOMC hiked the Fed funds rate for the third time in the year, and after six hikes in the previous 24 months.

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