Fed decision, Congress deal with wars and spending

Fed

The Fed meets tomorrow and Wednesday to decide on the next step in their fight against inflation.  There is a general consensus that they will hold rates steady.  On Wednesday the central bank will announce the decision at 2:00pm and at 2:30 Chair Powell will host his regular post-decision press conference.

The Fed Chair often telegraphs future policy direction at these pressers and markets will be weighing his words carefully.  The FOMC has one more meeting in 2023, on...

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