Helpful overview and charts from Nick in this segment.
Jerome Powell and the Federal Reserve just pivoted and are no longer increasing interest rates. With the Fed FOMC deciding to skip a rate hike at their June 2023 meeting.
This was the first meeting in 15 months where the Fed didn’t hike. The reason the Fed did this is that inflation is now going down, with the BLS reporting 4.0% YoY CPI growth in May 2023. Lower inflation levels give the Fed an excuse to pause rate hikes. Here is a direct video link.
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