$UNI
🚨👀 FOMC – At the December FOMC meeting there were 3 dissents, 1 favored a bigger rate cut and 2 favored no rate cut ⚡️
The 2 hawkish dissents aren’t 2026 voters. The market does not price any Fed policy rate action this week ⬇️
Core Private (ex Education and Health Services) job growth remained anemic in December. Core CPI inflation was 2.6% YoY in December ⚡️
Housing has become a disinflationary tailwind. Miran will dissent again for a rate cut. Waller and Bowman may join him in a dovish dissent 📢
Chair – Bessent said last week that DJT would announce his selection for the next Fed Chair just before or after Davos. Davos concluded on Friday. The FOMC meeting is Tuesday-Wednesday. DJT may announce his pick Monday-Tuesday 📢
Once the pick is announced, the confirmation hearing will be set. Based on last year’s calendar, Congress will schedule Powell’s Monetary Policy Report to Congress during the second week of February ↩️
The new Chair’s confirmation process will follow just after the MPR
🚸 Warning 🚸 I do not provide financial advice 🔞The intent of this content is for you to be aware of market conditions before starting to invest 👌Thank you for reading 👌