What is the FED up to today?

With the FED meeting today, what impact will this have do you all think?

 

http://www.elitetrader.com/vb/showthread.php?threadid=55753

 

What are they doing? They're looking at the Fed Funds contract to determine what they should do.

 

I think they're having lunch from 12.15 to 1PM, its always a highlight! Do those lunches become w2 items?

 

And having done that they'll take a Eurodollar position for pocket money just before the announcement.

 

It could be big if they give out any signal that they are almost done.