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The Federal Reserve is widely expected to leave its benchmark overnight interest rate in the current 5.25-5.50% range at the end of a two-day policy meeting next week
The employment reports last week (week ending September 1) had to dishearten the “soft-landing” crowd, as all the employment data showed emerging softness.
Stocks see blue skies while the bond market, with the inverted yield curve, predicts heartache for the economy around the bend. Both could be befuddled by Bidenomics.