The consensus view is that the Fed will announce an increase in the Fed Funds rate range by a quarter percentage point when it releases its statement tomorrow. So now the question is about the forward guidance and the economic outlook provided in the policy statement. At this juncture, I don't expect big changes. I expect the Fed to be more upbeat, but I do not expect it to change guidance. Some thoughts below
Looking for a Goldilocks hike cycle
Let's look at why this matters. Right now, the US ...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.