Earlier previews of the Federal Reserve Federal Open Market Committee policy meeting are here:
- FOMC decision due Wednesday - preview
- Federal Reserve's FOMC policy meeting Wednesday - rate cut preview
- What's priced in for the FOMC and BOC
- Federal Reserve FOMC - rate cut on the agenda says Goldman Sachs
- FOMC and BOJ meetings - forecast range for USD/JPY
Via the WSJ a good in summary look at what will be the focus in the
- Without signs of a sharper deterioration in economic data, officials on Wednesday may seek to tamp down on expectations that they will keep cutting rates-including at their final scheduled meeting of the year in December
- At the same time, soft economic data of late could make officials uncomfortable delivering an "all clear" signal, particularly because any residual damage from the U.S.-China trade war may not yet be fully reflected.
The Journal characterize Powell press conference as him walking a tightrope given those two points they make.
Other metaphors include:
- "The challenge is threading a needle where the eye has become extremely tiny," said Ellen Zentner, chief U.S. economist at Morgan Stanley
Link here for more, may be gated.
![Earlier previews of the Federal Reserve Federal Open Market Committee policy meeting are here:](https://az705044.vo.msecnd.net/20171128/powell-close.png)