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Fed and election focus of week ahead

After weeks of guessing what the Fed’s Federal Open Markets Committee (FOMC) may do on interest rates, Wednesday is decision day, and the all-important post-meeting press conference by Chair Powell happens around 2:30 pm ET on Wednesday.

As Chair of the Fed, Jay Powell has been consistent in wanting to telegraph policy and not surprise markets; therefore if there is any outcome other than a 75-bps increase, it would be a huge surprise. Central bankers talk regularly to each other which makes me...

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