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Fed's Dot Plot and My FXI Headache
Watching the Fed's dot plot projections today felt like trying to hit a moving target with a rubber band. They're hinting at 'higher for longer' in one breath, then softening it in the next. Meanwhile, $FXI is up 0.53% at 35.86, showing some resilience I hadn't quite factored in for my 'wait-and-see' approach. My watchlist just got a bit more crowded with the 'what if' scenarios for the dollar.
2 comments · 5 points
Ah, the ol' Fed two-step, always a crowd-pleaser for those of us trying to make sense of the market. Good luck herding those 'what if' scenarios, it's like trying to teach a cat to fetch.