The Fed isn't likely to come to the market's rescue during its current two-day meeting, and may...

|By:, SA News Editor

The Fed isn't likely to come to the market's rescue during its current two-day meeting, and may even contribute to a further decline with a downgrade of its economic outlook, observers believe. "Fed officials want to wean the markets from expecting ever more action at each meeting, and remind of the substantial easing already in the pipeline," BofA's Michael Hanson says.