Alright, so today is FOMC day. This the day where the Federal Open Market Committee announces their process of taking into account all sorts of different economic data (most specifically inflation numbers and job numbers, but it’s more than that) and announces a decision on monetary policy. Monetary policy is one of the most important market forces, because it does a lot of work driving capital flows - it’s meant to either cool down or heat up the economy. It’s a nudge-nudge, push-push guide to the markets, and because of that, it’s important to understand what it all means. The Fed has a dual mandate, which guides ... (full story)