37. 86 the quote there. The ten year note, right there, hovering just below 2 at 1. 9. Lets get to Steve Liesman. For a meeting, not much is supposed to happen, were looking for a lot to happen. Were looking for signals about rate hikes. Smoke signals, verbal signals, hand signals, some kind of signal about where the fed is going. Fed expected to stand pat today. Let me look at the keys to the Federal Reserve here and the statement that is coming out as well as the press conference. Looking for something of an upgrade to the economy. Perhaps the risk becomes balanced again. Remember in january, in the statement, the fed said it couldnt judge if the risk to the upside or downside which way they were because of the uncertainty in the global environment. Does it drop those Global Concerns from the statement . Were looking for the fed to bring down its rate forecast, the average fomc member looking for four rate hikes this year. The market looking for two or even fewer than that. Well see
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