So the topic on every Investor/trader’s mind is “what will the Fed say when their statement is released?”

Is the economy going good/bad, stong/weak, sideways/forwards/backwards?

Will there be a “QE3″ program or do they capitulate that Monetary Policy has failed and now only Fiscal Policy can save the day?

Are they going to accelerate the sale of Gov’t holdings to recoup some of the money invested from QE1 and QE2?

How long is “transitory” when Bernanke says the current inflation we’re witnessing is transitory?

Will they, in fact, raise short-term interest rates this morning?

Is there ANY CHANCE we’ll step into the Euro-debt crisis?

Is the bad news not as bad as we think, which makes it good news? Or is the good news not as good as we hoped, which makes it bad news?

My head hurts!

Any way it goes, there will definately be some sort of knee-jerk reaction as Volatility reigns supreme. So tighten your seatbelt and hang on for the ride!!!

Todd Abelson, Licensed Mortgage Professional, (520) 331-LEND (5363)