Avast ye! Thar be whispers about what the Fed be plannin' fer Wednesday. Brace yerselves, mateys!
2023-09-19
Avast, ye scallywags! This week's reckonin' with the Federal Reserve be more 'bout what those land lubbers be plannin' for the future than what they be doin' presently. Aye, there be slim pickin's for the U.S. central bank to be raisin' its fancy borrowin' rate. The odds be as scarce as a mermaid's tooth, with only a measly 1% chance, says CME Group. But fear not, me hearties, for this week's meetin', endin' on Wednesday, shall reveal the Fed's quarterly update on...
In the now, me mateys, there be little chance that the scurvy Federal Reserve will choose to raise its benchmark borrowing rate. The markets be whisperin' that there be just a measly 1% chance of what would be the 12th hike since March 2022, according to the fine folks at CME Group.But hold on to yer peg legs, me hearties, for this week's meeting ain't just about the present, but also about the future. Arrr, the Fed be expectin' to give us an update on their plans for the days to come.
What be this update, ye ask? Well, me trusty parrot, it be the Fed's quarterly update on their economic projections. They'll be tellin' us what they think be happenin' to the economy, inflation, and unemployment. They'll be sharin' their thoughts on interest rates, too.
Now, ye may be wonderin' why this matters to us landlubbers. Well, ye see, these projections give us a glimpse into the Fed's thinkin'. They be helpin' us understand what the future holds for the economy and what the Fed be plannin' to do about it.
So, me hearties, keep yer spyglass focused on the Fed's words this week. We may learn a thing or two about where the winds be blowin' and where the tides be takin' us. And remember, always be ready to adjust yer sails, for the sea be treacherous, and the Fed be the captain of this ship.