Powell’s Pause Isn’t a Surrender, Nor Is it a Victory Lap

Source: LRC
Published: Jun 23, 2023
Author: Tom Luongo
Post Date: 2023-06-23 19:48:11 by Charles_Byrd
Views: 183

It’s been a week since the FOMC gave the market every thing it wanted. After fifteen months it finally got a pause in rate hikes. Pauses in rate hikes are always harbingers of the next rate cut being around the corner.

So, why aren’t markets happy?

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