Fed Could Surprise the Market with an Unexpected Move
Dow Jones00:00
1200 ET - While the Fed committee is expected to hold rates steady, they could surprise the market with an unexpected move, according to a note from Stifel Economics. "Some may read a surprise adjustment as a push to establish or cement the Fed's independence both from political and market pressures," they write. However, with investors firmly convinced the Fed is on hold until December, a decision to move sooner rather than later may signal a higher level of concern regarding inflation, boosting both expectations for inflation as well as the longer-run pathway of policy, they say.
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