The Federal Reserve meeting will most likely conclude Wednesday with the central bank not doing a whole lot of anything — just the way the market wants things for now.
There's virtually no chance policymakers will make a move either way on interest rates.
Inflation, while decelerating, is still too high, and the economy is growing at a solid pace despite the highest benchmark interest rates since the early part of the century.
"My sense is that Powell is going to want to be very measured and careful about sounding too hawkish.
"The last thing Powell wants to do here is make a mistake and come across as too hawkish, because the implication of that as you could see a risk-off environment.
Persons:
—, Jerome Powell, Josh Emanuel, Powell, He's, You've, Emmanuel
Organizations:
Reserve, Federal, Market, Wilshire, Treasury