May 1, 2019 No Bias at the Fed! by Lester Murray

While a lack of biased perceptions is generally regarded as desirable, not so with the FOMC. Based on sell-offs in both equity and credit markets after today's Fed Statement, investors wanted to hear more dovish rhetoric from our policy makers. What they got was an assertion that the Fed is not leaning one way or the other. In his press conference, Chairman Powell described recent economic performance as broadly in line with expectations as he also described muted inflation as transitory. Sounds a lot like Janet. The Ten-Year is sitting right on top of 2.50%.