The #FOMC meeting will conclude today with the publication of the new fed funds rate and the press conference by Jay Powell. Futures assign almost certainty to a 25 bps hike. Anything different will be a huge surprise. The questions is what will Powell say at the press conference in relation to the next #FOMC meeting on March 22nd and the rest of the year. Futures today bet on another 25 bps hike on the next meeting, but in the meantime, unemployment and 4Q22 gdp revisions will be published. For the rest of the FOMC meetings on 2023, it’s not clear yet wether the Fed will hike or cut rates. We’re at a critical moment.
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Source: investing.com
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