This Could All End In Tears.
The major highlight of the week was always going to be the final Federal Reserve meeting of the year and the Fed Funds Rate decision announcement with quarterly dot plots, followed by chairman Powell’s press conference on Wednesday afternoon ET, with the expected rate cut proclamation itself probably the least interesting part of the day.
The central bank’s rate-setting committee (FOMC) has forever claimed to be highly data-dependent but was data-deprived due to the backlog of inflation and labor market reports resulting from the recent government shutdown and operating in a fog to an extent…
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