10-yr 4.287
FOMC and jerome’s yak
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Unlikely that we will see anything different than 5.5% and anything different than 75bps from their famous dot plot.
the FOMC-ers will goad jerome to whine about some stickiness in inflation and potential for a bit of a rise BUT – on the other hand – offset that with optimism about lower growth and ouch ouch out shed a tear lower jobs.
Are players positioned for a hawkish jerome ? There-in lies the bet, especially if jerome comes out and be perceived by players even minutely leaning towards easing, even if just not yet.
Lets see IF I can make some moolah off a communication breakdown (cue Led Zeppelin)