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Fed Day Wednesday and Elections one week to go

After a month of discussion about the next move by the Fed’s Federal Open Markets Committee (FOMC), decision day comes this week. The FOMC starts to meet on Tuesday and around 2:00 PM on Wednesday the Fed will announce the rate move. A 75pbs increase is widely anticipated.

In my view, as Fed Chair Jay Powell has done a good job of telegraphing policy and avoided surprising markets, I don’t expect anything different at this meeting. Markets are clearly anticipating a 75bps move and any other o...

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