Market keeps assuming the Fed is going to make moves off of their forecasts. They’re done with that, they know their forecasts suck. The new Fed policy is wait until something happens then hike rates or end QE.

https://twitter.com/GreekFire23/status/1372247867214204932

Fed Projects Inflation at 2.4% in 2021, Up From Earlier 1.8% Estimate

— *Walter Bloomberg (@DeItaone) March 17, 2021

FED WILL CONTINUE TO INCREASE BOND PURCHASES BY AT LEAST $80 BLN/MONTH OF TREASURIES AND $40 BLN/MONTH OF MBS UNTIL 'SUBSTANTIAL FURTHER PROGRESS' MADE ON MAXIMUM EMPLOYMENT AND PRICE STABILITY GOALS

— First Squawk (@FirstSquawk) March 17, 2021

The FOMC ended the regularly scheduled purchases of CMBS and increased the RRP counterparty limit from $30B to $80B. pic.twitter.com/olPuhnYEuL

— Eric Basmajian (@EPBResearch) March 17, 2021

Covid is no longer the main tail risk amongst US investors! Inflation and bond markets are a bigger worry. https://t.co/nRsOZnrrXQ pic.twitter.com/WZlimMRNWi

— Adam Tooze (@adam_tooze) March 17, 2021

Even Bitcoin bounced on the Fed news lol

— Ramp Capital (@RampCapitalLLC) March 17, 2021

FED SEES U.S GDP GROWING 6.5% IN 2021 (PREV 4.2%), 3.3% IN 2022, 2.2% IN 2023; MEDIAN LONG-RUN FORECAST AT 1.8% (PREV 1.8%)

— First Squawk (@FirstSquawk) March 17, 2021