FOMC: Powell's Risks Contradicting himself today
Nothing will Happen Unless The Dot Plot Does This...
Time is Running Out for 2 Rate Cuts Jerome…
Fed day today.
No sense in making more of it than has to be made.. Stocks are very dovishly biased these past two weeks
There is one reason to not be so biased bullish. The Fed Dot Plot still shows a bias of 2 rate cuts this year. All eyes will be on that for revisions dowward towards one cut, which is increasingly likely given the clock is now at midyear.
It matters a lot actually as the Fed is at risk of painting itself in a corner somewhat. Here’s a summary of the emerging contradiciton: