The Fed Speaks.....The "grownups" as Experienced calls them, really hang on Powell's every word.
They really live in the moment dont they, not an original thought between the bunch of them.
They'll buy in the morning when they see the sunshine, then as soon as Powell starts speaking, one starts selling and then the others start selling. Herd mentality.
What do they really expect him to say?
He's not going to say he's done tightening and he's not going to confirm a hike in Sept either.
Let me guess..... "he's going to monitor the situation with the goal to get inflation down to 2%".
How original.