Fed day and Congress looks for holiday exit

Tuesday and Wednesday the Fed’s Federal Open Markets Committee (FOMC) has its final meeting of the year to decide what action to take on interest rates.  As usual the Fed will issue its official release at 2pm, and Chair Powell will have his press conference at 2:30pm. It is widely expected that the Committee will continue their pause in rates.  Comments by the Chair and other Fed officials have done nothing to suggest any other decision.

While rates are likely to be held steady,...

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