๐ข Quick FOMC Update: Rates Hold Steady ๐ฆ
The Fed left interest rates unchanged at 5.25%-5.50%, maintaining a cautious stance as inflation cools but remains above target.
๐น Key Points
- No rate cuts yetโFed wants "greater confidence" inflation is slowing.
- Powell: Policy is restrictive, but timing of cuts depends on data.
- Markets still expect 1-2 cuts in 2024, likely starting in Sept/Dec.
Whatโs Next?More waiting & watching economic reports. ๐๐
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