Key Points
- The Fed meets with some big items on the agenda: An important rate decision and forecast of what’s ahead, combined with a healthy dose of political intrigue uncommon for central bank policymakers.
- While the rate decision is fairly pretty much in the bag, what happens from there is anybody’s guess.
- Markets are betting heavily that the Fed will stick to a quarter-point, or 25 basis point, reduction from the current target range of 4.25%-4.5%.
