Live: Bad Economic Indicators Abound as FOMC Meeting Begins

The bad economic data is piling up as the Federal Reserve's Federal Open Market Committee (FOMC) kicks off their September meeting where they are expected to hike rates by at least 75 basis points. Labors costs are up while productivity is down according to 2nd quarter data. The National Association of Home Builders (NAHB) Index is at the lowest levels since mid 2020. Mortgage rates are rising fast and cracks are showing all over the housing market. Is the Fed about to break something?

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