#FOMC

𝙁𝙚𝙙𝙚𝙧𝙖𝙡 𝙍𝙚𝙨𝙚𝙧𝙫𝙚 𝙄𝙣𝙩𝙚𝙧𝙚𝙨𝙩 𝙍𝙖𝙩𝙚𝙨 𝙍𝙚𝙢𝙖𝙞𝙣 𝙐𝙣𝙘𝙝𝙖𝙣𝙜𝙚𝙙 𝙁𝙤𝙡𝙡𝙤𝙬𝙞𝙣𝙜 𝙁𝙊𝙈𝘾 𝙈𝙚𝙚𝙩𝙞𝙣𝙜

At the FOMC meeting, the Fed decided to keep rates steady, but scrapped the risks of higher unemployment and inflation in latest statement.

The Fed has decided to keep interest rates steady at the benchmark 4.25% to 4.5%.

This is the fourth consecutive time Powell and the FOMC are opting against a rate cut.

Based on assessments, there are projections of two rate cuts this year, totaling 50 basis points.