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Markets Brace for a Fed Showdown in September
Kevin Warsh’s Jackson Hole speech reassured markets for a moment, but investors are already questioning whether the Fed will follow through with action at its September meeting.
Chuck Zodda and Mike Armstrong discuss why bond markets are still testing Warsh, whether the Fed may hike rates on September 16, and how upcoming jobs and inflation reports could shape the decision. They also cover Todd Lutsky’s explanation of last minute Medicaid eligibility, why investors may need to be on alert heading into September, the strength of corporate profits, and the sudden unraveling of Wall Street’s…
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