Rates unchanged, as expected, but looks like the Fed is leaning hawkish with their dot plot. Immediate reaction is bullish dollar and bearish risk assets as the Fed is suggesting only 1 cut in 2024 vs the 2 the market was forecasting.
Remember though, my take in the article is all based on the change in tone of the Fed speakers and Powell to a slightly more dovish stance. Let's see how the press conference goes.
Rates unchanged, as expected, but looks like the Fed is leaning hawkish with their dot plot. Immediate reaction is bullish dollar and bearish risk assets as the Fed is suggesting only 1 cut in 2024 vs the 2 the market was forecasting.
Remember though, my take in the article is all based on the change in tone of the Fed speakers and Powell to a slightly more dovish stance. Let's see how the press conference goes.