March 2024 FOMC: Dovish Tone

The FOMC voted unanimously to leave their benchmark rate unchanged in the target range of 5.25%-5.5%.   Source: Bloomberg as of 03.20.2024   The big surprise was the willingness of the Fed to maintain their projection for 3 rate cuts in 2024 even on the back...

They’re All Hawks Now!

Stocks Fall on the “No Pivot” Powell Speech   SPX down over -5% in the past 3 days since Jackson Hole. Additional Fedspeak: BARKIN: JOB MARKET STILL VERY TIGHT, DEMAND IS HEALTHY BARKIN: WON’T PREJUDGE SIZE OF NEXT RATE HIKE, DEPENDS ON DATA BOSTIC: COULD...