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Another bed day today, this is when the Federal Reserve announced the results of their two-day

meeting.

As usual, the Federal Reserve did exactly what the markets expected them to do, which

has pretty much become a pattern with this Fed.

Powell does not want to surprise the markets.

He wants to deliver to the markets exactly what they expect.

And so every time we get an announcement, it's exactly what the market has already priced

in.

And so to me, I think that that means the Fed is really almost taking their lead for

the market.

And they're very cognizant of how the market might react to their decisions.

And so they're trying to make sure that their decisions reflect what the markets expect

so that there isn't some surprise.

And before I get into today's announcement, I just want to mention before I forget that

I am going to be doing the Q&A following today's podcast.

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