Doubtful.
It’s due out at the top of the hour (2 pm ET)
Expect the Fed to remain mildly upbeat about the economy. Comments about falling inflation will be interesting because it may confirm rate derivative markets pointing to a longer wait before hikes.
The best hope is that soothing words on the economy help stop the bleeding but at this point that’s sort of like the Titanic bobbing before it sinks.
Hang on Leo!
