Greetings. The January shutdown paves the way for Groundhog Day, another round of major central bank action and more earnings. Here’s something to help you prepare for the week.
The big shift: Fed officials at Wednesday’s meeting are widely expected to raise interest rates by one quarter of a percentage point, pulling back the size of the increase for a second straight meeting. Chairman Jerome Powell will try to avoid imitating the mock Arthur Burns and the famous Paul Volcker, as he faces great pressure to curb inflation and avoid a recession.
