Will the Powell Fed take its foot off the gas pedal today?

Today's slide deck: https://bit.ly/35prb2J   - Today, we look at expectations for the Fed ahead of today's FOMC meeting and whether hopes for a somewhat less hawkish forward guidance are misplaced. We also continue to note the extreme divergences within the equity market, ask whether the mild widening in corporate credit spreads is an encouraging sign or merely a lagging indicator, note new aggravated rises in grain prices, in part on Ukraine concerns, and cover key equity earnings stories from yesterday and for the day ahead, as Tesla is set to report later today. 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