Fed: No rate cuts in the offing?
As expected, the Fed kept rates on hold at 5.25%. But there doesn’t seem to be much in the way of bearishness at the FOMC: the statement says that “going forward, the economy seems likely to expand at a moderate pace”. It goes on to talk about “the extent and timing of any additional firming that may be needed” – no one at the Fed seems to be anticipating any rate cuts for the foreseeable future.
No Responses to “Fed: No rate cuts in the offing?”
I agree Felix. Unfortunately (for me) the market clearly has other things in mind.