The only good thing about today is that there won't be another FOMC until late September! Here's a thread to discuss the nonsense and watch Jerry wiggle and squirm his way through his "press conference".
As per usual, the fun starts at 2:00 pm ET with the release of the Fedlines. There is no remaining doubt that fed funds will be jacked 25 basis points higher again. However, that is very likely to be the LAST AND FINAL hike, regardless of the SPIN and MOPE of the fedlines, the dot plot and whatever "hawkish" rhetoric Jerry rolls out later.
The embed below will go live at...
