As the Cycle Turns – The Fed Remains on Hold as Inflationary Pressures Decrease
June 21, 2023 at 12:30 PM EDT
After a prolonged debt ceiling standoff in Washington came to an end, the FOMC delivered on its long-awaited policy rate “pause” at the June meeting. While the committee indicated further hikes to come, Powell downplayed the Fed’s projections, effectively eliminating forward guidance for the months ahead. Inflation is moving decisively lower, while the historically strong [...] The post As the Cycle Turns – The Fed Remains on Hold as Inflationary Pressures Decrease appeared first on ETF Trends .