🚨The Fed knows nothing, likewise the majority of market participants and watchers

The Fed kept the rates unchanged for the second consecutive meeting on Wednesday

The Fed left its rates unchanged at 4.25%-4.50% on Wednesday as expected for the second straight meeting this year. Overall, the central bank has lowered their rates by 100 basis points so far this economic cycle.

The key word regarding this meeting is ‘uncertainty’. Uncertainty about the economy and inflation. This was included both in the statement and during the Powell Press Conference.

Notably, the central bank also announced it will slow the pace of balance sheet reduction.

Beyond the paywall, you will find a full recap of the meeting, including market pricing and reaction as well as what could be lying ahead for financial markets.

If you would like to read the previous meeting recap, here is the link:

KEY TAKEAWAYS

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