Forward Guidance Breaking Down The FOMC Meeting with Joseph Wang, Brent Donnelly & Bob Elliot
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Jul 30, 2025 
Joseph Wang, known as Fed Guy, dissects Federal Reserve policies; Brent Donnelly shares insights on market dynamics, while Bob Elliott discusses investment strategies. They analyze the recent FOMC meeting's hawkish stance and its contrast with market expectations. Key topics include the divergence of tech versus traditional manufacturing profits, the complexities of the U.S. dollar, and the implications of potential rate cuts. The trio also explores tactical trading strategies and the evolving landscapes of bonds, gold, and cryptocurrencies amid economic uncertainty.
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Fed Meeting Was Hawkish Surprise
- The Fed's decision was surprisingly hawkish compared to market expectations of dovishness.
- The market sought reassurance on September rate moves, which was not provided, causing bond market short-covering.
Institutional Checks Limit Policy Extremes
- Resistance within federal institutions limits extreme monetary and fiscal easing.
- Checks and balances prevent a single entity from fully controlling macroeconomic policy.
Fed's Internal Disagreements on Rates
- Two Federal Reserve governors dissented, highlighting internal disagreement.
- Powell emphasized looking through tariff-induced price spikes as temporary inflation.