Michael McKee

Any suggestion Powell may stay on to handicap Trump's efforts to control the Fed will have an impact on the rate outlook.

because we saw a rise in the Michigan numbers, but the conference board numbers go down 84.5 from 89.1.

The present situation seen at 113.7 compared to 116.8.

And the expectations number is at 65.1 from 70.7.

It's going to be an interesting meeting because they're not going to do anything right now.

There's just a three and a half percent chance, according to futures, that they do any kind of rate move.

There's no dot plot.

There's no economic forecast.

Everybody will be looking to Jay Powell for guidance on the future.

But what's the first question going to be?

Is it going to be about guidance for the future or is it going to be about his feud with Donald Trump?

So a lot to watch there.

And it will be a very interesting Wednesday afternoon.

It's going to be an interesting meeting because they're not going to do anything right now.

There's just a three and a half percent chance, according to futures, that they do any kind of rate move.

There's no dot plot.

There's no economic forecast.

Everybody will be looking to Jay Powell for guidance on the future.

But what's the first question going to be?

Is it going to be about guidance for the future or is it going to be about his feud with Donald Trump?