Fed has a tough task at possibly pivotal FOMC meeting

Today's slide deck:  https://bit.ly/38OuyPn   -

Today we take a look at the run-up into today's potentially pivotal FOMC meeting, as the Fed likely wants to have a look at how the economy is shaping up after the vaccine roll-out before updating its guidance, but can't help in reacting to some degree - in the policy statement and in its policy and economic forecasts - to signs of strength already in the economy even before the passage of the recent huge stimulus package. Global assets will key off the implications of the FOMC meeting today on yields all along the yield curve. Today's episode with Peter Garnry on equities, Ole Hansen on commodities, and John J. Hardy hosting and on FX.