Fed Is Delivering On Higher-For-Longer Theme

Powell remains strongly committed to a 2% inflation target. He also suggests that economic activity is expanding at a solid pace. Michelle Gibley and Cooper Howard discuss the recent Fed announcement. Cooper highlights that two rate cuts were taken off the table in 202, so the Fed is delivering on their higher-for-longer theme. Michelle notes that we’re likely to see another hike because wage growth is just too hot. She also previews other banks such as Switzerland and Norway and if we should expect rate hikes from there. Tune in to find out more about the stock market today.