Fed Day Arrives, Government Funding Unresolved

With no FOMC rate-setting meeting in August, the long-anticipated next session is next week (September 20/21). On Wednesday afternoon Chair Powell will hold his regular post-meeting press conference where he will give his view of the rate decision and look forward.

As Chair Powell has been pretty good at telegraphing policy, there is a widely expected move at next week’s meeting to increase rates by 75 bps. I expect the Chair’s remarks after the meeting to reflect what he has said in rec...

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