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The Fed is unlikely to cut rates, but this week’s meeting is packed with intrigue
Considering nothing is likely to happen when it comes to major policy decisions, this week’s Federal Reserve meeting is packed with intrigue. When the Federal Open Market Committee releases its interest rate decision Wednesday afternoon, the narrative is almost certain to look a lot like the June meeting, with little changed in the statement and officials again holding off on any cuts. However, several fascinating subplots will be in play. Consider: • Two Fed governors — Christopher Waller and Michelle Bowman — are potential “no” votes on keeping the federal funds rate locked at 4.25%-4.5%. If so, it will ... (full story)
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