Jan. 24 - The Fed is expected to announce new targets when it concludes its two-day policy meeting. But Brown Brothers Harriman's Marc Chandler says better communication does not equal better forecasts.
-- and you're US stay ahead of that is set to announce that historic shift in transparency. When it wraps up its two day policy meeting. This Central Bank that announced interest rates forecasts and possibly an explicit inflation target. I think -- is still at 1230 and chairman Bernanke holds a news conference that 215. Still one market strategists -- -- writers more fed Saturn doesn't make more that. Did Davis -- it's not devastated that our data set and so I think in some ways the transparency increased but not necessarily. Really increase our. -- the certainty of our forecasts the try to -- how strong the economy is. I think the Federal Reserve for example of the surprises that market is -- clearly felt feet and a half percent. Jockeying for the limelight but Bernanke will be Treasury Secretary Timothy Geithner he's set to talk economy in Charlotte north Carolina at 215. After president Obama's State of the Union Address I recently returned from a trip to China and Japan. Urging officials there to stop buying Iranian oil. He was met with limited success. Netflix wraps up the tumultuous year when it reports fourth quarter results after the close. The video rental companies fantasy earnings of 55 cents a share down from 87 cents a year ago. Netflix is already war it will swing to losses in 2012. As it builds up its international business Reuters correspondent Lisa -- -- as -- -- it will -- an -- subscribers. Are coming back. They wanna see that Netflix has calmed everything down from last year when 800000 subscribers. -- in the third quarter people are very upset about the price Hank and a planned for the dvds on a business called quick start. Victory huge backlash and a -- wanna see that that is American. Meantime it does feels that dominate earnings in the morning before the open we get fourth quarter results from Boeing. ConocoPhillips Corning United Technologies and Xerox. Boeing is in and out according to start by the aerospace and defense giant. Is likely report earnings of a dollar for being mean estimates by threes that. And it'd make housing market will be back under the microscope 10 AMC's the release of pending home sales in the FA FA home price index. I have bars says sales should drop by 10% in December a correction after you monsters. I've got to shop there this is Reuters Insider at -- -- Insiders coverage of the World Economic Forum in Davos Switzerland obviously.