🔄 The market has done a 360, not a 180
Who had fun last night?
Well, me to an extent.
Purely because of the FOMC jokes that were flying about on FinTwit.
It was more of an interesting presser than I'd first gauged, purely because of the initial hawkishness, but then the bizarre walk back of the comments.
Let's check some of 'em out.
Actually, first let's frame my thoughts around what the Fed is thinking so we can put it into a bit more of a Macrodesiac context.
My view is that the Fed is focused more on the employment side of things rather than price pressures necessarily.