Today is Fed policy day, and whilst it seems every Fed meeting is more important than the last, this one REALLY IS given the recent banking failures & divisive views on future Fed policy. Its apt that it falls on the 100th birthday of the ‘master of silence’ himself mime artist Marcel Marceau given that when Fed Chair Powell speaks in a couple of hours, markets will hang on his every word, particularly the ‘dot plot’ guidance of expected future rate direction.
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