Markets Await Fed's Rate Decision
To Hike or Not to Hike
Tomorrow afternoon global financial markets will devote their attention to the announcement of the Fed’s monetary policy decision and subsequent release of the Committee’s dot plot. While Fed Funds futures continue to price a higher likelihood of a rate hike than not, today several market pundits publicly communicated their support for the Fed to hold rates steady, a sentiment that was supported yet again by President Trump:
I hope the people over at the Fed will read today’s Wall Street Journal Editorial before they...