The Fed Is Keeping Rates The Same...
...and its not at all shocking to me
The Fed has lowered rates by .25% 3 meetings in a row
for a total of .75% recent interest rate reductions
The President recently authorized $2 Billion in bond purchases
to add liquidity to the market and encourage more lending by banks
it makes sense for the Fed to pause
and examine the economy before making more moves
There are 2 more meetings before the end of Fed Chair Jerome Powells' term
my suspicion is that we will see a rate reduction at 1 of those 2 meetings
The real moves will most likely happen once the new Fed Chair is named
and we could very well see a more aggressive strategy over the summer months
tune in to todays show for more details
