U.S. inflation remains above Fed's target rate

[BumRushDaShow]

6. I know the Fed meets next week

so all of this is going to be ingested in for how much of a rate hike there might be. I expect next Wednesday would be "announcement day" as the 2nd day of the 2-day meeting.

I haven't seen any "overt predictions" but expect it will most likely be no more than 25 basis points, which might actually cause some more teetering banks to fail. The state of First Republic right now would obviously be a concern and a decision about that will most likely happen over this weekend and could be announced before Monday's stock market opening (possibly even on Sunday). Am thinking they might consider a "pivot" after that though.