The Federal Reserve completed its June meeting and the first one with Kevin Warsh as Chairman. The details: – The Fed kept the fed funds rate unchanged. This was the overwhelming consensus expectation. – On the dot plot, nine of 19 Fed officials expect an increase in the fed funds rate later this year. (Warsh … Read more
The Fed concluded its January meeting, and as expected, took no action. Most Fed Governors voted to maintain the current fed funds rate with two dissents favoring a small 25bp (.25%) cut. The market shrugged and finished flat(ish) to up small depending on your favored index. This was a reasonable reaction. Many are still … Read more
The Federal Reserve completed its June meeting, and kept the fed funds rate unchanged. Your bullet points ahead of Chairman Powell’s 2:30PM press conference. The fed funds rate remains unchanged at 5.25% – 5.50%. Earlier this year, most market participants expected the Fed to cut by either the January meeting or the March one. … Read more
