from two market nurses:
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The Fed Is Playing a Waiting Game on Rate Cuts. The Rules Are Starting to Change. – By Nick Timiraos in WSJ
While investors focus on whether officials project fewer rate cuts, the Fed looks ahead to recession risks
Jeff Cox
* The Fed has a lot to do at its meeting this week, but ultimately may not end up doing a whole lot in terms of changing the outlook for monetary policy.
* This meeting likely will be all about the Federal Open Market Committee’s “dot plot” of individual member’s interest rate expectations.
* Officials also will release their quarterly update on the economy, specifically for gross domestic product, inflation and the unemployment rate.