Early Morning FOMC Results Released: Possible Only One Rate Cut This Year, or Even None!
Voting Result 11:1, Overwhelmingly Passed. Compared to last time when 2 people supported rate cuts, this time only 1 person remains.
The Federal Reserve's stance suddenly turned hawkish, not because employment or GDP is performing poorly, but because problems emerged on the supply side:
Oil Prices: Middle East conflict, energy prices skyrocketing, the efforts to combat inflation over the past two years are nearly wasted.
Early Morning FOMC Results Released: Possible Only One Rate Cut This Year, or Even None!
Voting Result 11:1, Overwhelmingly Passed. Compared to last time when 2 people supported rate cuts, this time only 1 person remains.
The Federal Reserve's stance suddenly turned hawkish, not because employment or GDP is performing poorly, but because problems emerged on the supply side:
Oil Prices: Middle East conflict, energy prices skyrocketing, the efforts to combat inflation over the past two years are nearly wasted.