Oh my goodness. Another FOMC week? How could that be? Wasn't there just an FOMC meeting a few weeks ago?
But, yes, there is. It'll be the standard schedule, too, with Fedlines at 2:00 pm ET on Wednesday and then a "press conference" with Chief Goon Powell at 2:30. So what will be said and unsaid? All we can do is guess.
Since the "stock market" has held in OK in the six weeks since the last meeting, it's unlikely that The Goons will change much. The five basis points they added to IOER has certainly spiked the overnight reverse repo volume with last Friday at $877B but...
