Allison Schrager deserves credit for saying the Fed does not have a better crystal ball than anyone else. But this is true even if the Fed doesn t release the dot plot.
President Biden is hailing the one-year anniversary of his signature Inflation Reduction Act by pitching it as a catalyst for economic growth, rather than his initial claims that it would be a prescription for high prices plaguing consumers.
Markets are giving healthy odds that today's expected hike will be the central bank’s last, given the latest 3 percent print of the consumer price index.