"The Fed's mouthpiece": The Fed is inclined to remain silent this week, with recent shocks being a two-way factor.

Nick Timiraos, a well-known Fed mouthpiece, said the Fed may be more inclined to remain silent this week. However, forecasts are forcing them to outline a path. Two former Fed chairs told me they wanted to avoid predicting near-term rate cuts. Whether current officials will adopt the same approach has become a central focus of this meeting, with both hawks and doves potentially pointing to the same shock to maintain their positions.