This week is Jerome Powell’s penultimate meeting as chairman of the Fed—don’t expect him to drop Wall Street many hints

Jerome Powell is approaching his penultimate meeting as Fed Chairman, with Deutsche Bank analysts expecting only minor statement adjustments. The meeting is unlikely to provide significant hints to Wall Street, with changes expected to focus on smoothed language regarding recent labor market data.

• →This week marks Jerome Powell's second-to-last meeting as Fed Chairman.
• →Deutsche Bank expects only minor tweaks to Fed statements during the meeting.
• →Language around recent labor data is expected to be smoothed in communications.
• →Wall Street should not expect major hints or guidance from Powell during this meeting.
• →The Fed is likely maintaining a cautious communication approach ahead of leadership transition.