Hindsight Bias is the illusion of predictability. We understand the world looking backwards but life moves forward.

The Fed will begin their 2-day meeting tomorrow. We will hear from Powell at 2:00pm ET on Wednesday.

The Feds will leave the Fed Funds Rate where it is but Powell has a tightrope to walk. 

Core PCE is at 2.9% Y/Y, 6 month view 1.85% and an 8 month view is at just 2.08%. Remember the goal was 2% Inflation Y/Y.

We are seeing rents drop, the used car market shaking up and gas prices going down.

The BLS Jobs Report comes out this week as well as the ADP report. We are anticipating 135k to 170k new jobs created. Unemployment report due Friday and expectations are a rise from 3.7% to 3.8%.

Rates are holding steady but we have an important week ahead.