The Fed should actually raise rates to counter economic and political damage, but it won’t – Barchart’s Newsom

(Kitco News) – The Federal Reserve should disregard the President’s wishes and market expectations and hike rates at today’s meeting – tamping down inflation while pushing back on political interference – but it will most likely succumb to both and deliver a 25-basis-point cut, according to Darin Newsom, senior market analyst at Barchart.com.