The long-awaited March FOMC meeting concludes today with the usual Fedlines and Powell presser. Back in December, it was widely expected that this meeting would bring the first rate cut of a new cycle. Today? That first rate cut isn’t pegged until June or July. So what can Jerry say that will upset/move the markets? Plenty. So be ready and look sharp, beginning at 2:00 pm ET.
As we’ve been discussing, the key is not the current fed funds rate. Everyone knows that it will remain unchanged at the conclusion of the meeting. What will be closely watched is the Summary of Economic…
