Fed Wednesday and Congress thinks August break is close

Tuesday and Wednesday the Fed’s long anticipated July meeting of the Federal Open Markets Committee (FOMC) occurs.  At 2:00 on Wednesday Fed will make rate announcement and at 2:30 the Chair will hold a press conference. These briefings can be market moving events and allow the Chair to set the tone for markets to anticipate future actions.

Immediately after the June CPI came out running very hot at 9.1% there were many analysts who started speculating that the Fed may go up a full 10...

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