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Federal Reserve (Fed) Chair Jay Powell will preside over his first Fed
policy meeting March 20–21. Although this is his first meeting as chair,
Powell has been a voting member of the policy committee since 2012 and
is a seasoned veteran of Fed policy meetings. The Fed is widely expected
to raise the target range for the fed funds rate 0.25 percentage points, from
1.25–1.50% to 1.50–1.75%, and anything more (or less) would be a shock
for markets. With a rate hike already priced in, markets will be scrutinizing the
Fed’s policy statement, Powell’s press conference following the meeting, and
updated economic projections (last released in December 2017) for any hint of
changes in the future path of Fed policy


View the full weekly economic commentary here.

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