The Fed is holding its regular FOMC meetings today and tomorrow and there always seems to be that some investors brace themselves for some sort of unknown that they had perhaps never thought of. On Wednesday after the meetings, there will be brief statements but we will have to wait a fewFOMC meetings weeks more when the official minutes of the meeting are ultimately released.

Prior to Fed Chair Yellen, both Bernanke and Greenspan always seemed to say something official but not always as clear as could be. Some thought Greenspan for instance enjoyed his comments shrouded in “Green-speak” and investors hung on every word while deciding to decipher them later. Many times there were multiple interpretations of what was said.

So far however Yellen has been rather transparent, at least as much as she can be. Yet still there are those that think, perhaps even just a little bit, that the Fed is going to do something completely unexpected. In reality that’s completely opposite of Fed goals. The Fed must, at minimum, provide the markets with a sense of “all’s well” or at least "whatever it is it’s under control." The Fed doesn’t like to spook the markets. If anything, Fed comments are about the cost of money and keeping the economy moving or at least nudging it without stoking any inflation worries.

So why do investors pay so much attention to FOMC meetings if the announcements made are usually what most expected? What is almost guaranteed is the Fed will once again taper another $10 billion from the soon-to-be retired QEIII program. No surprises there. And one can almost hear a Fed spokesperson say something to the effect of “There is nothing that shows us the economy is turning negative and we will keep our current stance unless we see evidence of doing otherwise.” A statement like that works at any post-FOMC meeting. But for some reason, there’s always a tad paranoia that something different will find its way out.