FOMC Decision Day
Today was FOMC decision day and Powell kept rates steady at 5.5% which is exactly what the CME FedWatch tool was predicting. This meeting was the “dot plot” meeting where FOMC participants projected what they though longer-term rates should be.
I don’t put a lot of weight on this kinda thing. I think 40 years of a bull market in bonds has distorted thinking on what long-term interest rates should look like.
I haven’t had a chance to watch the presser. I went back and reflected on Powell’s last speech though and he had four things he said were important to him:
and consumer strength
We’ll have to see how consumers perform but I think those baby boomers are sitting on a large amount of money that could be spent into the economy.
I appreciate the responses to the posts. I’m due for a portfolio update and I figured I should give one away on the house. Here’s where I was at as of last Monday.
I’m planning to do a longer post detailing my portfolio holdings and what I see as future purchase windows. That one will be paid subs only. I do have to say that I’m real excited for EcoPetrol’s dividend coming up. I believe the ex-dividend date is the 26th. The 4.17% gain on it in the portfolio does not do it justice because that number doesn’t reflect the dividends. I’ll need to see if I can fix that for next time.
