Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
”The Federal Open Market Committee will hold the target range for its benchmark rate at 5.25% to 5.5% - a two-decade high first reached in July - at the conclusion of its two-day policy meeting Wednesday. The rate decision, and possibly an announcement on the pace of its balance-sheet reduction program, will be released at 2 p.m. in Washington. Chair Jerome Powell will hold a press conference 30 minutes later.”https://www.bloomberg.com/news/articles/2024-04-30/fed-to-hold-interest-rates-powell-to-set-tone-for-cuts-in-2024