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A full recap of the Fed’s interest rate decision and Chair Jerome Powell’s press conference

Bond strategist says markets eager for Powell’s presser

One bond strategist told CNBC that markets will likely hold off on a significant reaction until hearing from Powell.

“It’s really going to come down to 2:30,” said Greg Faranello, the head of the U.S. rates group at AmeriVet Securities. He expects Powell to be asked about inflation and tapering. “It’s a real tough one. I tend to think this meeting is going to come and go. He has the delta variant too. If he wants to lean on that, he has every opportunity to [so] here in the U.S. and globally.”

— Patti Domm

By: Thomas Franck

Read more at: Fed meeting July 2021: Live updates and stream (cnbc.com)