The FOMC's recent decision to cut rates by 25 basis points was accompanied by a hawkish outlook, signaling a more cautious stance on future rate movements.
Chairman Powell emphasized a 'two-sided' risk approach in policy, noting that future actions could shift depending on economic conditions, particularly the labor market's strength.
Market reactions were surprisingly volatile post-FOMC meeting, even as many had anticipated such a pivot, highlighting a disconnect between expectations and investor sentiment.
With the updated 'dot plot' reflecting a slower pace of future easing, it suggests a shift towards maintaining more robust economic conditions rather than aggressive cuts.
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