Opinion
The Fed won’t move on rates, but investors will still hang on Jerome Powell’s every word
If the Fed concludes overnight that US inflation is stuck at around 3 per cent, it’s unlikely to cut rates at all this year and that will weigh on asset prices, including shares.
Karen MaleyColumnistThe US Federal Reserve is unlikely to make any changes to its key interest rate at its meeting overnight, but investors will still be hanging on every word that chairman Jerome Powell utters at his press conference.
They’re hoping that the language that Powell uses to discuss stubbornly high US inflation will help them divine the central bank’s next move.
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