Why in the World Would the Fed Say That?
After 10 straight increases, the Fed left interest rates unchanged – the first time that’s happened since January 2022. Yay! But Powell also signaled that we’ve got a long way to go before inflation is beaten, so the Fed said it could bump rates higher again – maybe even two more times by the end of the year. Boooo! So, what do we make of his announcement? And how should we play this with our stock portfolios?
