Coach Mark here. I am a Fed geek as part of a macro geek overall personality. I love studying and following politics, economic reports, monetary policy, and the whole gambit of news and intrigue surrounding these topics. Others may have reality TV to entertain them…I have macro-TV.

Oh, and there is whole market reaction function to throw in there in response to all this data as well! Part of the macro game is understanding what the data means. The other part is attempting to determine what the markets (equities, currency, commodities, bonds) reaction to the data will be. Will they view it as positive, as negative, as nothing…it can be a difficult game but it is the biggest game in the world and one I enjoy very much.

So today is Fed day…and an interesting one at that. How will the Fed react to recent inflationary data and rising commodity prices? Their reaction comes in two waves today. The first wave is the release of the policy statement and Dot Plot at 2:00 PM EST. The previous Dot Plot showed three interest rate cuts this year. While most expect this to be the case, if it only shows two then this would be a signal that the Fed is concerned about recent inflationary data and does not anticipate cutting as often this year.

The next wave is the press conference by Jay Powell starting at approximately 2:30 PM EST. What tone will Jay Powell have at the press conference? What information will he provide. It is so very common for the initial reaction coming off the 2:00 PM EST policy statement to be one thing (bullish or bearish) and then for price to reverse course during the Powell press conference. I have a really hard time based on what Powell has said in recent months doing anything radical today but that is why we tune in.

A macro geek like myself loves days like today. Oh and the trading geek in me has a bunch of things lined up in this afternoon and the coming days assuming “The Wrath of Powell” doesn’t manifest itself. We will break down the whole day tomorrow and the coming days in programming.

Have a fantastic Fed day!!!

U.S. Dollar ($DXY)

Currencies tend to tell the truth and a strong move up for the dollar today would be good for…well, it wouldn’t be good for just about anything.

Traders Lounge 11 AM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

The Coaches Show Replay

If you missed last night’s episode or would like to watch it again, check it out here.

Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that the coaches at Tackle Trading can deliver.

T

Financial freedom is a journey

Sign up now and gain unfettered access to all of the quality content and powerful Scouting Reports that our Pro Members enjoy for 15-days absolutely free with no strings attached and let us show you what your trading has been missing.

Legal Disclaimer

Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis. This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise. Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products. By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials. In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.

All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.