The Weekly Fix: So Why Didn’t the Fed Just Go-Ahead and Hike?
Jerome Powell, chairman of the US Federal Reserve, speaks during a news conference.
Photographer: Sarah Silbiger/BloombergWelcome to the Weekly Fix, the bonds newsletter rife with internal political dynamics. I’m cross-asset reporter Katie Greifeld.
Two weeks ago, this newsletter wondered what’s stopping the Federal Reserve from just going ahead with a rate hike this month. Fresh off the first no-move meeting since the Fed’s liftoff last March, that’s still the question being asked.