This morning, I read an article about next week’s FOMC (Federal Open Market Committee) meeting, and the importance of semantics. All eyes on Wall Street will be fixated on the Fed’s statement after the meeting, and what it all means for future interest rate policy. The ensuing mental gymnastics will be as strenuous as executing a floor exercise wearing a 50 lb. weighted vest.
Not that I have ever done that, of course. I can barely do a somersault.
The easy money is on the Fed removing the word ‘patient’ in the middle of the third paragraph. Yes, we are slicing the meat that thinly these days. Here is the current verbiage, from the January statement: …Read On…
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