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Fed in the Hot Seat

For being such crushingly dull affairs, Federal Reserve policy meetings sure inspire a lot of feelings. And this week’s confab will be more emotionally charged than ever.

Markets have whipped themselves into a frenzy of rate-cut expectations, writes John Authers. But they’re still not settled on just how much and how often the Fed will cut, John notes. Any smidgen of future guidance will rattle somebody.