An Amusing View of the FOMC and Market Sorrows

My dear sirs and madams, gather ’round as we contemplate the grand spectacle at 2:00 p.m. ET today-an event most anticipated, where the FOMC is expected to graciously reduce interest rates by a trifling 25 basis points, with a probability of 90% that this wish will be granted. The illustrious Fed Chair Jerome Powell shall then give his discourse at 2:30 p.m., where any mention of QE or liquidity support could persuade the markets to dance with joy-or despair. Should he hint at further cuts, risk assets might join in a merry rally; a neutral tone, however, could cause a brief symphony of volatility. Heaven forefend, if inflationary fears take hold, beware the market’s melancholy descent-oh, the drama! 🎭





