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On Thursday, September 11, financial markets will be closely watching a trio of key economic data releases that will provide new insights into the state of the U.S. economy and could influence expectations for future Federal Reserve policy.
E.J. Antoni, a research fellow at the Heritage Foundation’s Grover Herman Center for the Federal Budget, as he breaks down the conflicting fiscal and monetary policies that are pushing the U.S. economy toward a crisis. E.J. argues that the Federal Reserve’s plan to cut interest rates won’t solve the deeper economic problems—such as runaway government borrowing and record deficits—that continue to threaten American financial stability.