FOMC Findings
Following the meeting of the Fed’s Open Market Committee, investors were anxiously waiting to hear their decisions regarding interest rates and the current trajectory of the US economy.
Key Takeaways:
Trump’s controversial trade policies coupled with sticky inflations and decreased consumer spending has negatively affected the outlook of our economy and increased feelings of uncertainty
This reignites fears of a recession of period of stagflation in the near future
Despite Trump’s significant policy changes and the high degrees of uncertainty, this could boost the market for private investments
The committee stated that the economy was “strong overall” with labor market conditions remaining stable and inflation inching closer to their goal of 2%
To know more, check out this article and graphic here: