#FOMCMeeting The FOMC just held their meeting and the only thing that rose faster than interest rates was Jerome Powell’s blood pressure when someone mentioned “soft landing.”
Wall Street bros: “Rates paused, we moon!”
Powell: raises eyebrow “Did I stutter?”
Meanwhile, every millennial with a mortgage:
“Can I refinance now?”
FOMC: “That’s gonna be a no from us, dawg.”
Markets are reacting like:
Stocks: up
Bonds: confused
Crypto: partying like it’s 2021
Gold: sipping tea
Recession: waiting in the lobby like it’s a dentist appointment
Powell’s official statement: “We’ll do what we gotta do.”