This Week’s FOMC: What Does Jay Powell Really Care About?

by Tom Luongo, Tom Luongo: With the markets still firmly convinced the Federal Reserve will hike the Fed Funds Rate by just 25 basis points (0.25%) on Wednesday, I find it fascinating that no less a figure than Mohamed El-Erian, former head of PIMCO, argued for the Fed to stay the course and surprise markets with another […]