Bond markets await the Fed’s decision on interest rates and, possibly, hints about when the central bank will stop shrinking its portfolio.
The lack of official data raises questions about how Chair Powell will respond to likely questions about the next move on rates. Markets price high odds of a 25-basis-point cut today followed by a similar trim in December.
Trump is expected to meet China’s Xi Jinping tomorrow to discuss trade.
www.barrons.com
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