Questions the relevance of the upcoming Fed decision and asks whether to focus on the decision or future guidance.
speaker1
Kate Moore
The Fed decision is super relevant. The market is focused on the tone (hawkish vs. dovish) more than the action itself. Current economic data allows for conflicting narratives, and it's crucial to see how the Fed interprets it.
Asks whether to pay more attention to the high-probability rate cut decision or to what the Fed says about the future, especially given Powell's limited remaining term.
speaker1
Kate Moore
Focus must be on Powell's press conference tone and subsequent Fed speakers and data. The debate within the committee will be strong into 2026. People expecting consistent rate cuts will be disappointed.