Fed Chair Powell in the hottest of seats at tonight’s FOMC

Slide deck: https://bit.ly/3yd6Tpy   - Today we look at the market trading on a nervous footing ahead of tonight's FOMC meeting as we all wonder what the meeting will deliver and how the market will react. In particular the size of the hike today and any guidance in the Q&A of the Powell press conference will be pivotal, as will be the reaction for both the long end and the short end of the US Treasury yield curve. We also break down the outlook for  crude oil and copper, preview the Bank of England tomorrow and discuss the many moving parts in equities as companies report and grapple with supply chain, and  in some cases, demand headwinds. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX. Intro and outro music by AShamaluevMusic