5 things to watch for when the Federal Reserve announces its policy decision Wednesday
A pivot is defined as a turn or a twist. Its safe to say there will be twists and turns on Wednesday as Fed Chairman Jerome Powell is widely expected to adopt a more hawkish stance in his postmeeting news conference Wednesday.
On display will be “the limits of Fed hawkishness,” said David Kelly, chief global strategist at JPMorgan Funds. Central bankers are often described as either inflation-wary hawks, eager to tighten monetary policy, or more growth-focused doves.
“Fed members have displayed their dovish feathers too often at this stage for us to mistake them for a flock of hawks.”
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