The Fed meets this week with all eyes on any change in tone coming out.

The FOMC meets this week and will be under the microscope by financial markets. No one expects the Fed to change current accommodative monetary policy. Investors are looking for any change in the language in the statement released at the end of the meeting at 2 pm on Wednesday. Will there be a signal the Fed is about to reduce the amount of bonds they have been buying each month? This quantitative easing program of the last 18 months has the Fed buying $120 billion each month in treasuries and mortgage-backed securities. This injection of liquidity has supported the bond market and kept intermediate and long-term market rates low.