“No news isn’t always good news.

When Federal Reserve officials meet this week, almost two months will have passed since their last policy-setting conclave, the longest such stretch of the year. And it has been a pretty woeful period for financial markets. Since the Fed’s last meeting ended April 28, market volatility has surged, the S&P 500 has lost 6% and yields on 10-year Treasury notes have slumped by half a percentage point to 3.2%.” Read more.