Quarterly FOMC meetings have lost some of their punch now that there’s a Chair’s press conference at all meetings, but at least we still have the economic projections.

March 20 marks the second meeting of 2019, but the first set of projections since the December equity swoon changed Fed hearts and minds. Predictably, this time around, the FOMC held interest rates unchanged, but beyond that, the central bank ended up even more aggressively dovish by signaling they would end their balance sheet runoff by 3Q 2019.

About the author

Guy LeBas

Director, Custom Fixed Income Solutions

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