The July FOMC Begins

Well, here we go. It’s time for another FOMC meeting, fedlines and Powell presser. Not today, of course, as the meetings are always two days long so the fun won’t begin until tomorrow afternoon. In the meantime, there’s certainly no shortage of stuff to talk about.

So, Jerry and Braindead are running their meeting this morning. Can you even imagine how painful it would be to have to sit there and be a part of it? All of the nonsense discussion about whether or not there’s a worsening recession and how many basis points to hike fed funds. Ugh. I’d be suicidal by this afternoon….

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