The Federal Reserve will hold its next policy meeting on May 1, 2024. After a decision is made and statement published, Jerome Powell will give an elaborate speech in the FOMC Press Conference on May 1, 2024 13:30 EST.
Analysts pay close attention to the tone of the speech at the FOMC Press Conference and analyse what gets to be mentioned to determine whether the Fed is hawkish or dovish and what could be its next move.
Watch here: https://www.youtube.com/watch?v=o0unztmcLvA
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Closing market to prevent trading on ambiguity. Would love if people could point out timestamps if something happened I missed.
Taylor rule is a carryover from the last market - he definitely talked about the concepts surrounding it, but didn't mention it specifically, to my knowledge? Let me know if I'm wrong there.
If no one points out timestamps, I'm going to wait until transcripts are available and search based on those to resolve.
@shankypanky Ah I missed this. I'll review the tapes but probably - if you have a timestamp let me know.
@DanMan314 live streams don't have timestamps but once the stream ends I'll grab one for review
@DanMan314 okay pretty sure I found the particular point I was thinking of and the actual percentage he gives (he does talk about forecasters and his probabilities) is the growth and forecasters' perspective of whether it will sustain, but he doesn't give a percentage of that probability/outcome.