A pre-FOMC calm settled over markets today with muted moves on low volumes as investors wade through a concentrated calendar of central bank meetings and macroeconomic events. Indices finished flat to higher while yields slipped after a strong 20-year auction. Though tomorrow’s FOMC decision may prove to be a non-event with rates widely expected to remain unchanged for a 5th consecutive meeting, the spotlight is firmly on Powell’s press conference. Two months of warmer inflation data may not ma…
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