The FED announced that it had been scheduled a closed meeting for Monday morning.
They have scheduled a closed meeting for Monday at 11:30 am.
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We have reported that the FED would increase rates on Friday or Monday. The rates were the same on Friday, so on the Monday meeting, the FED can increase rates. Inflation is out of control, so the FED has to do something.
If they increase rates, it would be the second time they did so this century under the Democrat president. The only time the FED increased rates under a Democrat since 2000 was in 2016, after keeping rates at 0% under the first seven years of Obama’s terms.
They increased the rates massively under Bush and Trump. The Fed is non-biased.