NYSE senior market strategist predicts limited policy shifts in Fed meeting
Fox News
EXCLUSIVE: New York Stock Exchange Senior Market Strategist Michael Reinking told Fox Business he does not expect to any major policy shifts during the meeting of the Federal Reserve this week, saying he expects a “tranquil taper” as opposed to the “taper tantrum” seen in 2013.
"After challenging the Fed messaging earlier this year, the markets are drinking the transitory ‘kool aid’ being served by the Fed," Reinking told Fox Business. "The meeting is going to be steady as she goes— I wouldn’t expect to see any major policy shifts, but we could see some technical adjustments." Reinking said from a broader market perspective, there is "still some angst within the market," saying it will be "interesting" to see how the market responds to the readout from the meeting of the Fed.More Related News