Interest rates were held unchanged.The target range for the federal funds rate was maintained at 3.75%–4.00% in a 10-to-2 vote.The key point lies not in the hold itself,but in the nature of the hold.The two dissenting votes were in favor of a rate hike.Go...
Key PointsThe odds of a Fed rate hike next week rose to 70% after a report showing increasing wholesale prices,and after oil jumped past $100 a barrel.In addition,the market now views a second increase before the end of the year as a possibility,following ...
Former Chair Powell was extremely dovish,but he didn't seem to be submissive to Trump.On the other hand,the market seems to judge that current Chair Kevin,while speaking in an extremely firm and hawkish tone,is ultimately watching Trump's cues.If the Fed's...
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