Michael Reinking on Fed's "Confusing Story," AI's Lasting Demand Pulling Markets

• The Fed's 25 bps rate hike was expected, but the unanimous decision by the FOMC was a surprise.
• Reinking finds the Fed's projection for inflation to return to target in a 'timely fashion' (by 2029) to be a 'stretch'.
• Market is 'off to the races' today, reversing yesterday's sell-off, driven by lower oil prices and positive corporate/AI updates.
• Triple Witch Expiration this week and positive gamma positions are contributing to market volatility and dampening effects.

Michael Reinking discusses the Federal Reserve's recent 25 bps rate hike, noting the unanimous decision was a surprise. He highlights the 'confusing story' in the Fed's inflation projections, which suggest a 'timely' return to 2% inflation by 2029. Despite a hawkish Fed, the market is reacting positively today, driven by falling oil prices and solid corporate/AI news.