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No-surprise FOMC meeting, penny plays feature in week

Saturday, September 24, 2016 - 05:50

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There was no doubt that the US Federal Open Market Committee (FOMC) meeting on Tuesday and Wednesday was the biggest event of the week just passed, even though everyone knew with almost complete certainty that there would be no interest rate hike.

THERE was no doubt that the US Federal Open Market Committee (FOMC) meeting on Tuesday and Wednesday was the biggest event of the week just passed, even though everyone knew with almost complete certainty that there would be no interest rate hike.

In the days leading up to the meeting,

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