The Fed wraps up its two day meeting Wednesday, and is not expected to do much beyond assuring markets it will not raise interest rates for years.
"They're not moving interest rates through 2023, and that in itself, is going to be viewed as a dovish re-commitment," said Rick Rieder, chief investment officer of global fixed income at BlackRock. The Fed has not identified a top end of its average inflation target range, but it indicated it would like to be sure inflation is sustainably above its target before it thinks about raising interest rates.
"We have gotten inflation surprises. But I think his answer to that is that's what we want. We want inflation to go up..,the goal is not to move markets," he said. Powell has said the Fed is more worried about disinflation even if there are periodic signs of inflation in the recovery. Some strategists warn the market could be disappointed by the Fed Wednesday, as it is not expected to offer any guidance on its bond buying program. But Rieder said he expects the Fed to make tweaks to its bond buying program in the next couple of meetings, by possibly increasing Treasury purchases and cutting back on the monthly $40 billion mortgage purchases.
Wow this is really great. Now can you fire Jim Cramer for being a misogynist on live TV on CNBC? This is not acceptable.
Umm excuse me. Would you like to see the pamphlet from the CDC to nurses. It says that a N95 masks are unnecessary for China virus. They blew all confidence in the frontline workers from the word GO! Maybe that’s why Trump administrators check what the hell CDC puts outs info
In last meeting before eating contest, the Fed could placate markets with promise of low rates for years
They've been saying that for the last 2 or 3 meetings.
Except they can't promise low rates for years if inflation gets out of control or a US dollar currency crisis forces their hand.
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