Fed Chairman Jerome Powell will use his press conference later Wednesday to accentuate the positive about the outlook while avoiding the negative, economists said.
The economy has slowed since the fall. Jobs growth slowed to just 20,000 in February, and retail sales in January only inched higher after one of the worst Decembers in years. Perlli said Powell had induced some market SPX, -0.53% gyrations at the last couple of press conferences and will try hard not to do that this time.
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