Ahead Of The Fed

Today's fedlines need to be watched closely.

75
Wed, Jan 30, 2019 - 9:13am

Fed Head, Chief Goon Powell, will produce his fedlines and stage a press conference this afternoon. Ahead of this, I've seen speculation that he's going to announce a surprise fed funds rate hike. I can assure that this is NOT what's going to happen.

Why/how can I say that with such certainty? Because The FOMC has progressed with scheduled, quarterly rate hikes for the past 15 months and they are not about to deviate from that path now.

First of all, there's no reason to "rush" a rate hike. It's not as if the US economy is accelerating and that price inflation is surging...

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