(CNBC) “Our expectation is that they’re going to keep rates unchanged,” said Michael Reynolds, vice president of investment strategy at Glenmede. “But there’s going to be a lot of focus on the [post-meeting] statement, perhaps teeing up September as whatever the opposite of liftoff is.”
Market pricing currently indicates an absolute certainty that the Fed will approve its first reduction in more than four years — when it meets Sept. 17-18.
