by Daily Bell Staff
The Daily Bell
Those figuring that the Fed still might hike rates in September are getting one more bite at the apple. As the week drew to a close and the Fed’s “quiet period” before meetings was about to settle in, investors recoiled over news that the central bank’s most dovish official, Governor Lael Brainard, will be delivering a previously unannounced speech Monday at The Chicago Council on Global Affairs. – CNBC
The Federal Reserve’s ongoing policy failures once again wrecked markets on Friday.
Just a hint that the Fed might raise at its next formal meeting caused reverberations around the world and dropped averages in numerous markets.