The Federal Reserve meeting this week is a highly anticipated spectacle, similar to a magic show with a renowned magician who has the power to make interest rates, inflation, and economic growth disappear or reappear with a wave of a wand. The current expectations are for the Fed to raise interest rates by 25bps to the 4.75-5.00% range. While this meeting’s interest rate decision is as close to a “done deal” as we ever see with central banks, any hints about how Powell and Company see interest rates evolving in the March meeting and beyond will still move the market. The magician's challenge will be to balance ... (full story)