Fed prepares to move, Congress returns

Key Takeaways

FOMC met, took no action, but again telegraphed March increase.  How many increases up to economy: pundits range 4 to 7.Fed policy surprise vs telegraph. Atlanta Fed Pres Bostic poses possible 50bps increase.  Fighting inflation Volcker surprised with increase of 250bps, lots of examples for Powell and team to look at.Congress must deal with February 18 deadline for new federal spending bill.  Talks to continue to reach bipartisan Omnibus Spending Bill to increase funding le...

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