#FOMCMeeting The Federal Reserve has concluded its latest meeting, and it's clear that interest rates are soaring – almost as high as Fed Chairman Jerome Powell's frustration when asked about a "soft landing." Wall Street traders are ecstatic, exclaiming, "They didn't cut rates? Let's rally!" Meanwhile, millennial homeowners are left wondering if now is the time to refinance, only to receive a resounding "no" from the Fed. The current market sentiment is divided: stocks are booming, bonds are experiencing an identity crisis, crypto is partying like it's 2021, and gold remains calm and collected. As for a recession, it's still waiting in the wings, flipping through outdated magazines. Powell's press conference was summed up in one phrase: "We're doing what's necessary." But between the lines, it sounds like they're making it up as they go, armed with fancy charts and a prayer. These days, FOMC meetings feel like a dramatic crossover episode of financial intrigue, leaving us all wondering what's next.
