What We Learned From The Fed

Fed leaves rates unchanged for second straight meeting. Kevin Gordon and Cooper Howard discuss what we learned from the Fed’s rate decision. They talk about how Powell said the full effects of tightening is yet to be felt. Howard notes that the recent move higher in yields has largely been the result of economic data surprising to the upside and not an increase in issuance to fund the growing debt burden. Gordon highlights that right now, the market lacks a clear catalyst to get out of this correction. Tune in to find out more about the stock market today.