#FOMCMeeting

The Federal Reserve meeting begins. There is a disagreement between President Trump and Federal Reserve Chair Jerome Powell regarding the reduction or maintenance of interest rates.

The Federal Reserve decided to keep interest rates unchanged in their current range. The decision was largely anticipated, but the focus was on Chair Jerome Powell's statements. The Fed indicated the possibility of lowering interest rates once this year, instead of the previous expectations that suggested three times. 📉 This means that high interest rates may remain with us for a little longer.

Labor Market Strength: The American labor market remains strong, giving the Fed flexibility to maintain its tight monetary policy to combat inflation.