BoA:“one of the most critical events for the Fed in some time.”
Yet no expected rate cut.
(CNBC)
The Fed must walk a fine line Wednesday as financial markets hang in the balance
"Chairman Jerome Powell and his fellow policymakers will have to convince investors that the current policy is correct and won’t change in response to a brighter economic outlook and major progress in the Covid-19 fight."
All I know is that chart pattern doesn't look very promising. This morning selloff is also a nice indicator of sentiment, as it shows how nervous the market is about this shift towards a "new normal".
(CNBC)
The Fed must walk a fine line Wednesday as financial markets hang in the balance
"Chairman Jerome Powell and his fellow policymakers will have to convince investors that the current policy is correct and won’t change in response to a brighter economic outlook and major progress in the Covid-19 fight."
All I know is that chart pattern doesn't look very promising. This morning selloff is also a nice indicator of sentiment, as it shows how nervous the market is about this shift towards a "new normal".