You couldn’t fault Wall Street for envisaging a bit of Hamlet in Jerome Powell at the Federal Open Market Committee’s June policy meeting this coming week:
Therein lies the question that the interest rate-setting Fed committee needs to answer for financial markets next Wednesday, at the conclusion of the FOMC’s two-day gathering.
Whether ’tis nobler in the mind to suffer the slings and arrows of outrageous inflation or to take arms against a sea of troubles, as Hamlet might have said if he had been a central bank governor.
Of course, no one is expecting fireworks at this coming meeting but it could still proof a pivotal point for stocks and bonds.
The Fed meeting comes…