Fed Chair Jerome Powell is expected to speak at the Economic Club of New York later today, and will probably deliver the last substantive comments from a Fed official before the next FOMC meeting. He will have to walk a tightrope as markets are jittery about the currency market. On the one hand, it’s seen as unlikely that the Fed will hike at the next meeting, but will have to retain its credibility about the possibility of hiking in December. Whether the Fed will actually go through with that final hike is still a matter of debate between the Fed and the markets. Meanwhile, bonds are showing that there are some ... (full story)