FED SHOWDOWN and VIX

Fed announces 2005 meeting schedulePublished 6/25/2004 11:05 AM
WASHINGTON, June 25 (UPI) -- The U.S. Federal Reserve announced Friday the tentative meeting schedule for policy-makers next year.
The Federal Open Market Committee is slated to meet a total of eight times in 2005, namely Feb. 1 to 2, March 22, May 3, June 29 to 30, Aug. 9, Sept. 20, Nov. 1, and Dec. 13.
In addition, the Fed said the FOMC will meet Jan. 31 to Feb. 1 in 2006.
FOMC usually meet for a day on a regular basis to vote on whether or not to adjust interest rates. But twice a year, they also hold two-day meetings to discuss the U.S. economic outlook for the next six months.
Copyright © 2001-2005 United Press International

**In a surprise move to contain inflation, I suspect FED will raise rates again at next meeting with caveat to be wary from Katrina.

I also expect volatility to begin to increase as the year goes on. As shown above a rise above previous high now would be bearish as 20 and 50 should add support and would begin to rise. the 20 could act as resistance here, so stay tuned.

Poll says most want toleave NO alone.