The fact of the matter is that most market participants are acutely aware of the fact that the strategy of quantitative easing has ended and no longer guides the Federal Reserve’s monetary policy.

In a statement released following the conclusion of this month’s FOMC meeting, the Fed announced that Fed funds would remain unchanged.

The Federal Open Market Committee (FOMC) began its two-day meeting today which is scheduled to end tomorrow afternoon. Following the conclusion of this month’s FOMC meeting will be a statement in which a policy decision will be announced.