Powell did the right thing/More earnings comments/Other

Whether the Fed raises rates again in September or not, Jay Powell did the right thing in being noncommittal as he has 8 weeks of data to review between now and then. With the new effective fed funds rate at 5.33% and the November fed funds futures contract at 5.43%, that implies a 40% chance we get one more hike. 

As for the private sector, the prime ra…