The day-to-day activities of the Federal Reserve Open Market Committee no longer cause seismic reactions.

There was a time when a slight movement in the money supply and/or the Fed funds rate would bring Fed-watchers to the trading desks immediately to alter their portfolios. M1, M2, and the other M's were on everyone's lips.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.