• Markets have priced in a near-100% certainty that the Fed will announce a 0.25 percentage point interest rate increase when its meeting wraps up Wednesday.
• But the focus likely will be more on Chairman Jerome Powell, who could push back on the idea of a looser Fed later this year.
• “He is on a very tight monetary policy tightrope, where he can’t allow the market to think this is the endgame,” said Quincy Krosby, chief global strategist for LPL Financial.

Tagged: #Bidenflation