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Dithering Ahead of the Fed - FOMC Tomorrow, NFP on Friday

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Published : May 05th, 2022
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Category : GoldWire
"Some people come into your life as blessings.  Some come into your life as lessons."

Teresa of Calcutta


"Prayer is not calling God in to bless our activities. Rather, prayer takes us into God’s presence, shows us His will, and prepares us to obey Him.    God will use your prayer times to soften your heart and change your focus. As you pray for others, the Holy Spirit will work in your heart so that you have the same compassion for them that God does.  

If you do not love people as you should, pray for them.  If you are not as active in God’s service as you know He wants you to be, begin praying.  You cannot be intimately exposed to God’s heart and remain complacent.  The time spent with God will change you."

Henry Blackaby, Prayer Changes You


The markets are pacing in circles, waiting for the Fed announce their benchmark rate decision tomorrow afternoon.

The markets are pricing in a 50 bp rate increase with several more to follow in subsequent FOMC meetings.

The Dollar backed off a bit but remains firmly on the 103 handle.

The VIX continued to pull back.

The next three days will tell us quite a bit.

Have a pleasant evening.


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