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The Fed will remain on hold today, keeping the federal funds rate in the range of 4.25% to 4.5%.
With recession odds rising and the stock market down, it is no surprise that President Trump thinks the Fed's ‘wait-and-see’ approach to rate cuts is a mistake.
The parade of Fedspeakers this week affirmed key messages from the Fed meeting last week: uncertainty about the outlook, some pessimism about inflation and growth this year with risks skewed toward stagflation, and a willingness to wait for more information before adjusting policy.
