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As Blockworks launches a digital asset summit in New York, Fed officials will meet for a March Federal Open Market Committee (FOMC) meeting in Washington.
Central banks are expected to hold overwhelming interest rates and continue to pause on their rate reduction schedule. From next week onwards, the Fed will not hold separate pricing meetings until May. According to CME data, the odds for the cut are only about 30%.
Betting on “Trump’s going to put” at this point is, dare to say, a hopeful idea. President Trump has announced additional tariffs on all steel and aluminum imports, and Commerce Secretary Howard Luttonick said the administration will continue to do its job even if it means pushing the economy into a recession.
“Fed Put” isn’t completely off the table, but it won’t come anytime soon. Jerome Powell has revealed that central bankers will be significantly weakened in the labour market to reconsider the current suspension.
Analysts at HSBC said in a memo this week that the Fed has not extended the ud until the data is present. Of course, bad data means an increase in fear of a recession and a lower asset price. We are between the rocks here and the difficult places, they added.
So, it’s a game that I’m waiting for now. The labor market looks ok, but tariffs can be heavier on employment, and the expected Doge layoffs have not yet been reflected in the data.
Instead of the fateful appearance next week, we recommend coming to DAS where you can spiral and guess in real life.
