Get Ready For the Next Drop
The Fed did nothing to excite buyers.
PRE-OPEN MARKET COMMENTS FRIDAY - The Fed had softening labor conditions and easing inflation to support a "dovish" policy, but they didn't budge. According to Powell, they are "happy" with the current policy. They lowered GDP growth projections for 2025 to 1.7% and they believe that inflation is heading higher. They believe that labor markets are stable.
Daily Bulletin Continues...