Powell is going to do one of two things on Wednesday. He is going to fuck you at the drive thru, or he is going to make you rich. All you gotta' do is figure out what he spews from his mouth before he spews it, because Powell controls the narrative. No TA or FA can be a baseline for what this man is going to do to this market. Nobody in the history of the world had held this much power over the economy of the world just by his words, and it is disgusting.
He will likely raise. It is expected and therefore likely priced in already. He must raise to get rate above CPI, if inflation also reduces, we then have further upside. QE will never stop, they won’t step into same hole twice.