The Federal Reserve decided that interest rates will remain unchanged for now. In a press conference following the decision, Fed Chair Jerome Powell claimed that a September rate cut is “on the table.”
Threadneedle Ventures Founder Ann Berry to give insight into the Fed’s decision and what it means for the market moving forward.
Berry begins by affirming her stance that a September rate cut may still not be on the table: “I don’t have the same conviction that the market has that there is going to be a rate cut in September. I did not hear that there was a catalyst that would make that a done deal. I think we’re still in wait and see. I think there’s still a chance that we’re flat in September just as we were today.”
She follows that up with: “We don’t talk about the size of the Fed balance sheet, which is now north of $7 trillion, and the reason it has become so big is because federal spending, fiscal profligacy, has been so enormous, that the Fed has accommodated it by buying a bunch of long-dated government bonds. So we haven’t seen rates really come down as much as you might expect…I think as we go in headlong into seeing what fiscal policy is going to look like for the next four years… I think that’s the bigger concern right now. I think that remains, frankly, an inflationary pressure. And I don’t see rates coming down yet as a result.”
#youtube #NEWS #yahoofinance
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at finance.yahoo.com
– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
source
:max_bytes(150000):strip_icc()/Health-GettyImages-1808049628-5d92d3ddb97a49acbf377c1327321898.jpg?w=120&resize=120,86&ssl=1 "rewrite this title How to Properly Hydrate Your Skin To Retain Moisture—Inside and Out")
