THE FED PAUSED INTEREST RATES 🛑

Yall, we’re not gonna lie - sh*t’s been bleak.

10 consecutive federal interest rate hikes over the course of 15 months will do that.

But we finally have some slightly good news… the Fed didn’t raise them yesterday.

It’s the first time since early 2022 that the rates haven’t changed (they remain at ~5%; the goal is 2%.) We thawing out our good steaks tonight. 🥩

But there’s a catch…

We might still see hikes later this year. Womp womp

Here’s what else Jerome Powell said:

The things we need that will bring inflation down “are coming into place”
We’re “a couple of years out” for rate cuts
I shouldn’t call yesterday’s decision “a skip”