3-3/4 to 4 Percent Looms as Cook and Hammack Will Be Vindicated

The Fed will not deliver a Hike–Pause–Pause across Sep 15-16, Oct 27-28, and Dec 8-9. That means at least one of those meetings will change the pattern instead of a single September hike followed by two holds. The October 28 decision already held the target range at 3-3/4 to 4 percent in a 10-2 vot…