Fed Chickens Out: 3 Presidents Dissent As Fed “Decides To Wait For Further Evidence” Of Strengthening Before Hiking

With rate hike odds tumbling post-J-Hole thanks to Brainard (but up to 24% today), macro data deteriorating, European banks tumbling, and China money markets turmoiling, expectations were low for a ‘surprise’ rate hike today. And sure enough, they didn’t…

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