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Craig Hemke at Sprott Money: Fed perception vs. Fed reality
By Craig Hemke
TF Metals Report
via Sprott Money, Toronto
Tuesday, May 3, 2022
Wednesday brings the long-awaited conclusion of the May Federal Open Market Committee meeting. How will the statement read?
More importantly, how will Chief Goon Powell respond in his "press conference"?
But perhaps most important of all, does it even matter?
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The fun and games begin with the 2 p.m.ET release of the FOMC "fed lines." After that's parsed and digested, Chief Goon Powell will appear via Zoom at 2:30 p.m. and pretend to host an unscripted "press conference."
What he says and how he says it will drive bonds, for exchange, the S&P, and the precious metals through the remainder of the week and the balance of the month.
Let's begin with perception. ...
... For the remainder of the analysis:
https://www.sprottmoney.com/blog/Fed-Perception-vs-Fed-Reality-Craig-Hemke-May-3-2022
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