Don't Expect Anything From The Fed : This Will Be The Last Uneventful Meeting Before The Taper Discussion

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"Don't Expect Anything From The Fed": This Will Be The Last "Uneventful" Meeting Before The Taper Discussion
by Tyler Durden
Wednesday, Apr 28, 2021 - 12:50 PM
Last night we quoted Std Chartered's Steven Englander who explained why unlike the Fed's upcoming June meeting (when there is a high chance Powell will bring up tapering), markets should not expect much if anything from today's FOMC meeting.
Others, such as Jones Trading chief market strategist Michael O'Rourke, agree:
"I don't expect anything from the Fed," he said in an an interview with S&P Global Market Intel.
This week's Fed meeting "promises to be rather uneventful," said Aneta Markowska, chief financial economist at Jefferies, in an interview. The committee will likely acknowledge that the U.S. economy has "inflected," drawing on Fed Chairman Jerome Powell's comments to CBS's "60 Minutes" earlier this month. "I don't really see scope for a more significant tone change," Markowska said. "It's definitely too early for any strong taper signals. I think they start 'talking about talking about' tapering in June."

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