BMBL - Wall Street Breakfast: Fed In Focus

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Fed in focus When the Federal Open Market Committee announces its monetary policy decision this afternoon, there's scant chance the Fed will raise rates or make significant changes to its asset purchases which are totaling $120B/month. Rather, investors and economists will be focused on the Fed's Summary of Economic Projections (SEP), specifically with an eye to whether any Fed officials move up their expectations for a rate hike in 2023. This will also mark the first real test of the central bank's adherence to its new framework.Backdrop: Last summer, the Fed committed to letting inflation run above its 2% average for a time to offset years of inflation lagging its target. That change means the Fed won't raise rates until the data shows inflation is on

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Wall Street Breakfast: Fed In Focus