It’s Fed Day
Fed officials are widely predicted to leave interest rates unchanged for a 2nd consecutive meeting — keeping benchmark federal funds rates range between 5.25%-5.50% – the highest level in 22 years — but not ruling out another rate hike in the upcoming FOMC Meeting next month
All ears will turn to what Fed Chair Powell signals during the press conference & what he says about what could come next in the Federal Reserve’s fight against inflation. Will Powell continue his hawkish policy stance talk that will trigger market volatility during the 2 pm trading hour or will Powell speak dovish by signaling the hiking cycle is indeed done & somewhat let the bond markets do the work for them instead
Federal ReserveFOMCJerome PowellRate Hikes
What do you think?