The Federal Reserve announced a hold on the federal funds rate at 4.25% to 4.5%, reflecting a cautious approach amidst inflation concerns. Chair Jerome Powell emphasized a "wait and see" strategy, noting the economy's resilience despite inflation remaining above the target rate of 2%. Experts like Ed Yardeni support this stance, suggesting the Fed should assess inflation and unemployment trends before making further adjustments. The decision indicates uncertainty in the economic landscape, with potential implications for consumer borrowing costs.
We donât have to be in a hurry. The economy is resilient and doing fairly well.
The evidence so far is that, for now, itâs likely to be more of a cost problem than a labor market problem.
Collection
[
|
...
]