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Fed vs White House: Who Blinks First?

Brian Glenn reacts to the FOMC decision to hold rates and Powell’s press conference. He expected a dovish tone from Powell but was surprised. He also walks through the dot plot and what it forecasts for the rest of the year. “There’s a who blinks first mentality” with the White House and tariffs, he thinks, and in the meantime, he says small and medium sized businesses are struggling.

Market On Close

18 Jun 2025

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