Fed Policy Outlook U.S. Federal Reserve (Fed) Chairman Jerome Powell’s defense against the market’s dovish expectations and easing monetary conditions at yesterday’s press conference was not particularly convincing. The Fed’s “data-dependent” message – and the mention of disinflation – pushed the implied peak rate below 4.9% and reaffirmed the expectation of rate cuts (about 50bps – see chart [...] The post “Agnostic” Fed = Bullish EM? appeared first on ETF Trends .