@Ultrahisham:
FOMC decision day Here we are again on FOMC's decision day. i just like to call the Feds FOMC. Haha. It is time for Mr Powell and his merry band to tell us what he has decided for the Feds fund rate. Many are expecting a 50 basis point hike. Thereis still a small percentage thinking he might gobig with 75. But after yesterday's good numbers on the inflation side, I believe 50 looks like the most likely choice. The markets have priced in a 50 points hike and more. They are in fact clamouring for the Fed to pivot or at least indicate a pause. So anything other than the Feds saying when they are pausing or even indicating when they mightcut rates again might see a market washout. Its hard to guess which way the market might go because sometimes the market is just weird that way. Th