Technical Review

Will Powell Provide Any Hints?

The FOMC won’t make a change to the Funds rate on Wednesday and will likely only change a few words in the FOMC Statement. Markets will focus on Chair Powell’s press conference for any indication that the FOMC is leaning to lowering the Funds rate at the March 20 meeting. President Truman remarked, “ Give me a one-handed Economist. All my economists say 'on hand...', then 'but on the other...”. I think Chair Powell will do his best interpretation of a two handed economist and he has data to support both hands. Inflation continues to fall and the economy grew comfortably...

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