No One Expects a Fed Rate Hike Today

The transcript discusses the Federal Reserve's potential actions, focusing on the importance of upcoming economic data, such as GDP and employment reports, in shaping their decisions. It highlights the influence of global events, including concerns about China, oil prices, and the UK referendum, on the Fed's cautious approach. The discussion also covers the uncertainty surrounding Brexit's long-term impact on global financial conditions and the economy, emphasizing that the Fed cannot wait indefinitely for these issues to resolve.

What role does the employment report play in the Federal Reserve's assessment of the economy?

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What are the potential long-term impacts of Brexit on the global economy according to the text?

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