Expand Don t Expect Anything From The Fed : This Will Be The Last Uneventful Meeting Before The Taper Discussion
by Tyler Durden
Wednesday, Apr 28, 2021 - 12:50 PM
Last night we quoted Std Chartered s Steven Englander who explained why unlike the Fed s upcoming June meeting (when there is a high chance Powell will bring up tapering), markets should not expect much if anything from today s FOMC meeting.
Others, such as Jones Trading chief market strategist Michael O Rourke, agree: I don t expect anything from the Fed, he said in an an interview with S&P Global Market Intel.
This week s Fed meeting promises to be rather uneventful, said Aneta Markowska, chief financial economist at Jefferies, in an interview. The committee will likely acknowledge that the U.S. economy has inflected, drawing on Fed Chairman Jerome Powell s comments to CBS s 60 Minutes earlier this month. I don t really see scope for a more significant tone change, Markowska said. It s definitely to