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Fed Meetings = Horoscopes for Finance Bros

December 17, 2023
in Web3
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TL;DR

Hours of labor go into studying Fed chair Jerome Powell’s phrases, studying his moods, and distilling all of it right into a ‘normal vibe’ that influences trillions of {dollars} of world investments.

The market liked Jerome’s plans for the longer term – as a result of markets love certainty – and over the previous yr, we have been starved of it.

The economic system is not out of the woods but, however it is a good signal.

Full Story

Federal Reserve assembly transcripts are like Horoscopes for finance bros.

(Inform us we’re improper – we dare you!)

Hours of labor go into studying Fed chair Jerome Powell’s phrases, studying his moods, and distilling all of it right into a ‘normal vibe’ that influences trillions of {dollars} of world investments.

It is bizarre.

And whereas we touched on the Fed’s newest assembly yesterday, there’s extra to cowl!

As a result of this time was completely different. This time, there was no crystal ball wanted to divine J-Powell’s plans for the longer term (and that is a rarity).

On prime of saying that he will not be growing charges this month, JP additionally stated:

The Fed does not must see a recession as a way to minimize rates of interest.

(Which is superior, trigger many had assumed his plan was to defeat inflation, by forcing a recession).

Additional charge hikes are ‘unlikely’.

Everybody had type of assumed that, however JP had by no means outright stated it – the truth is he’d really threatened extra hikes.

Charge cuts might be a subject of dialogue going ahead.

The Fed is outwardly planning to chop charges by .75% in 2024!

The market loooooved all of that – as a result of markets love certainty – and over the previous yr, we have been starved of it.

The economic system is not out of the woods but, however it is a good signal.



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Tags: BrosFedFinanceHoroscopesMeetings
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