The Wall Street Journal's Nick Timiraos has a piece up ahead of Wednesday's Federal Open Market Committee (FOMC) statement, new forecasts, and Federal Reserve Chair Powell's press conference. Timiraos plys it pretty straight but if I had to read between the lines he is hinting the net of the there events could lean less dovish than market participants are expecting. On the Statement:Officials are likely to maintain language in their policy statement that suggests their next rate change is more likely to be an increase than a cut. Any softening of this so-called tightening bias will be closely watched by financial-market participants because it could be a precursor to a neutral stance in Janu
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