What to expect at the June Federal Reserve meeting

The Fed is expected to leave policy unchanged and again play down taper talk.
Nonetheless, markets will be looking for hints on whether the Fed is starting to acknowledge that inflation may not be as transitory as thought.
A technical adjustment to address the rapid build-up in excess liquidity is certainly possible, but dollar downside risks remain.

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The taper/no taper decision’s going to have a massive impact on the markets. Either the fed maintains the status quo and sees inflation play out like it did in the 80s, or it tapers and the market suffers a temp shock.

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Either way, I’m expecting some volatility in the markets from the Fed’s moves. Uncertainty and speculation are a dangerous mixture. Good for the $VIX in any case!

Agreed. I would much rather accept a temp shock than watch inflation spiral out of control.