The WSJ Timiraos, is tweeting an interview he gave at Fox Business, and says:The Fed will likely announce a 25 basis point hike at 2 PM ET, and if Timiraos is right, will continue to be cautious about prospects for inflation. Employment remains solid. Unions are going after employers and getting wage concessions.Housing is more of a supply issue. Stocks and the wealth effect from it will likely also keep the economy going. Fiscal spending is continuing to be expansionary.

Source: Wall Street Journal July 26, 2023 16:52 UTC