First published by Money Metals Exchange here: https://www.moneymetals.com/news/2024/02/01/fed-runs-open-mouth-operations-rate-hikes-coming-but-not-yet-002964
<p><img src='https://www.moneymetals.com/uploads/content/jerome-powell-min.jpg'/></p>The Fed didn’t DO anything at all at the January FOMC meeting. But Jerome Powell and Company aggressively ran “open-mouth-operations” trying to dampen market expectations for a rate cut at the March meeting.