Fed Meeting Today: FOMC Holds Rates Steady, Powell Says Cut in September Is Possible
The S&P 500 is up 22.9% year to date on optimism the Fed will achieve a “soft landing” for the economy. However, inflation has been sticker than anticipated in some areas of the economy, making the Fed’s path forward difficult and risky. Economists anticipate the FOMC will continue to steadily reduce interest rates through the …
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