#FOMCMeeting
The Federal Reserve meeting begins. There is a disagreement between President Trump and Federal Reserve Chair Jerome Powell regarding whether to reduce or maintain interest rates.
The Federal Reserve decided to keep interest rates unchanged at their current range. The decision was largely expected, but the focus was on Chairman Jerome Powell's statements. The Fed indicated the possibility of cutting interest rates once this year, instead of the previous expectations which pointed to three times. 📉 This means that high interest rates may remain with us for a little longer.
Strength of the labor market: The U.S. labor market remains strong, giving the Fed flexibility to maintain its tight monetary policy to combat inflation.
