Powell Press Conference Trumps The Dots, Sparking Moderate Sell-Off Of today's Fed events (rate announcement, dot plot, and ...

Several things happen on Fed Day--especially on the 4 out of 8 examples with updated rate forecasts from Fed members.  The official announcement of a rate cut is typically the least important aspect.

The Fed rate announcement is at 2pm ET. A single 25bp rate cut is fully priced in to the bond market and that cut will not be ...