FOMC preview: Dot plot, YCC, and SLR

As the markets remain in risk-on mode, readers should be aware of several lurking risks that may appear from the FOMC meeting. Undoubtedly, Powell will repeat his dovish mantra that the Fed is a long way from neutral and policymakers are focused on the labor market. 

Nevertheless, here is what I am watching:

• What will the "dot plot" convey about the path of interest rates and how does that differ from market expectations?
• Will the Fed do anything about the soaring 10-year yield, which has risen above 1.6%, i.e. yield curve control (YCC)?
• What will happen to the Supplementary Leverage Ratio (SLR), and will the banks get SLR relief after March 31?

The full post can be found here.