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Fed Reserve will maintain the current target range for the federal funds rate, keep balance sheet runoff policy in place

The Federal Reserve is set to keep its interest rate steady after central bank officials convene this week to discuss progress in bringing down inflation.

Of course, with a 50bps move already fully discounted, the Fed’s interest rate decision is unlikely to be a market mover by itself...see what traders will be focused on instead!

Traders expect this week’s Fed meeting to be the proverbial “calm before the storm” of aggressive Fed tightening throughout the rest of the year - see what the possibilities are!

th-28 th.  Non-Farm Payroll data was hot in March, with the economy added 916,000 jobs to the economy. However, one data point does not equal a trend.  In addition, Initial employment claims are also at their lowest levels since the pandemic began over a year ago. However, there are still roughly 8 million jobs that have not been recovered since the onset of the coronavirus. Inflation The rise in yields heading into the March meeting has plateaued and are no longer screaming higher.  The benchmark 10-year yield is trading near 1.57%, vs a March 31 st high of 1.774%.  Inflation was not a ...