Why Sept. 11 Could Be a Massive Day for the Stock Market
Key inflation data will be released.
Overview
For months now, investors have been going back and forth about whether the Federal Open Market Committee (FOMC), which sets monetary policy for the Federal Reserve, will raise interest rates at its upcoming September meeting on Sept. 15-16.
The FOMC has been on pause all year, despite inflation remaining stubbornly above the Fed's 2% target. With just days remaining before the meeting, a critical data point is scheduled for release on Friday, Sept. 11, which is likely to make the FOMC's decision much easier.
Details
It could be a massive day for the stock market.
Source
Originally published at www.fool.com.
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