This pause doesn’t mean that the Fed will continue to hold through 2024, notes Andrew Rosen. He talks about how the FOMC leaves rates unchanged. He discusses how keeping high rates could result in a cut in consumer spending and lower inflation. He says that what we may see overall is that risks are skewed for rates to remain higher than we thought. He looks at how investors should prepare for a continued high-rate environment. He questions if the Fed’s 2% inflation target is realistic. Tune in to find out more about the stock market today.