The FOMC meeting and subsequent press conference from Federal Reserve Chairman Powell will be the highlight of the week. Expectations for a rate cut during this meeting are low, however, Powell’s statements will be widely critiqued. Investors will be focusing on every word to try and gauge if and when the Fed may cut rates.With the solid retail sales and labor market, I don’t expect the Fed to cut rates during this meeting. However, in addition to their policy on interest rates, I will be listening closely for an update on their economic outlook and the corresponding risks, as well as any insights regarding their balance sheet.
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