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The two day FOMC meeting commences today.  It is widely expected the FOMC will announce a complete halt to its monthly asset purchases with holdings peaking at $4.3 trillion.  Since 2009, the Fed’s balance sheet has ballooned over 700%.  Will the Committee comment about the...

In my view the employment report was relatively strong in many dimensions.  Both private sector and non-farm payrolls were considerably higher than expected and so were the revisions from August.  The jobless rate fell to 5.9%, the lowest rate since July 2008’s level of 6.1%. ...

Is the market setting itself up for failure?  A study by the San Francisco Fed suggests investors appear “less uncertain” about the course of monetary policy than the FOMC participants.  Wow!...