FOMC Looms: 'Irrational Exhuberance' 2.0?

Wall Street Braces for Wednesday’s FOMC MeetingWall Street investors are currently bracing for one of the most highly anticipated, yet uncertain, Federal Open Market Committee (FOMC) meetings/decisions in a very long time. Several story lines make this FOMC meeting in particular interesting. First, President Trump and his administration have aggressively pressured Federal Reserve Chairman Jerome Powell to cut interest rates for months. Meanwhile, several cross-currents exist in this unique economy, includin ...