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Markets are gearing up for the Federal Reserve decision due out in.
Little more than about two hours and twenty minutes from now that's right let's go to Santa Smith with the trade today she's -- CME at Chicago.
You have a trade going now not a guide on down here is remarkable Lorraine now -- and Aegon has the stock market pretty much flat while most commodities are higher we're looking at gold up nearly twenty -- On this action you've got the -- says -- slightly higher but still historically low around thirteen.
Market -- -- good joins me now from infinity brokerage ahead of the Fed's announcement this afternoon.
-- -- you managed funds that person larger clients internationally and here at home what do you think we we know that the Fed may do what everybody's expecting this afternoon.
What do you think that fed should DO.
That fire -- -- clear that they need to find an exit strategy from the QE.
They made that very clear the last meeting what -- mounts a shift in policy.
Right now they need that really to target inflation and be careful what it's gonna happen all the liquidity put in the market.
Markets don't seem to be reacting to this horrible economic numbers like the GDP 1 out this morning how do you expect markets react to the -- this afternoon.
Why I think short term actually this petition -- be negative I think long term there's still room for growth especially because countries around the world that growing up 68%.
And all investing their liquidity here in United States self.
I think this petition will be -- negative short term for a fact it is.
That the Fed -- would probably be conservative.
All right fed outlook to be -- market but to agree of infinity brokerage but guys there is somewhat of an expectations for a short term selloff.
Following the Fed's announcement this afternoon we shall see -- market certainly are gearing up down here back TM.
Thank you Sanderson Anderson.
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