It’s all that Wall Street can talk about. Of course, I am referring to the next Federal Reserve rate decision which is due next Wednesday. All of Wall Street will be watching like a hawk on its prey, waiting for any sign that the Fed may ease up on talk about an upbeat economy. The likelihood, though, is that the Fed will continue to remain upbeat while still stressing that rate hikes are distant. For Wall Street, this would be a convenient compromise between optimism and lower rates. But if the Fed starts getting vocal about rates it could give Wall Street the jitters and lead to big profit taking on the big names.
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