A NFP preview: When will the Fed raise rates again?

In the wake of the Brexit shock, Fed governor Jerome Powell was the first Fed speaker to give a speech, which gives some clue to the direction to Fed policy. While what the Fed does near-term is important to traders, the longer term thinking is important to investors as the definition of the Fed's reaction function to events will affect the timing of rate hikes, the next recession and the next bear market.

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