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Another jumbo Fed rate hike is expected next week — and then life gets difficult for Powell

Por: MarketWatch Business October 29, 2022

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“The November decision is a lock. Well, I would be floored if they didn’t go 75 basis points,” said Jonathan Pingle, chief U.S. economist at UBS. The Fed decision will come at 2 p.m. on Wednesday after two days of talks among members of the Federal Open Market Committee. What happens at Fed Chairman Jerome Powell’s press conference a half-hour later will be more fraught. The focus will be on whether Powell gives a signal to the market... + full article



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