Interest Rates

Powell jumps in driver's seat as Fed is expected to raise rates this week.

Three- and six-month bills sold at levels unseen since 2008.

Corporate debt and investment managers need to prepare now, as upcoming T-bill issuance will put upward pressure on short-term rates.

Fed Chairman Powell says the central bank is moving to normalize monetary policy 'with a view to extending the recovery.'

In a shift from their last meeting, policymakers indicated that the peso—in particular, the inflationary effect of its future potential weakness—would now be the first factor among those they're watching.

Fed officials also voted to continue reducing the central bank's balance sheet.