Fed's quantitative tightening policy remains crucial, with a need to address excessive liquidity in the financial system to maintain investor trust. Read more here.

Economists have estimated that the government will report Friday that employers added 160,000 jobs in August and that the unemployment rate slipped back to 4.2%. Since hitting a half-century low of 3.4% in April of last year, the jobless rate has risen nearly a full percentage point.

In 2022, when the Fed realized that it had been late in addressing the inflation surge, it raised interest rates in twenty-five, fifty, or even seventy-five-basis-point increments to regain inflation control.