The Fed Pauses For The First Time In 15 Months (But Don't Call It A "Pause"!)
The Breakdown
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Federal Open Market Committee discusses rate decision and implications for monetary policy
This chapter highlights the recent rate decision by the Federal Open Market Committee (FOMC) and their cautious approach in considering factors such as high inflation and recent banking failures. The chapter also mentions the Fed's decision to pause the rate hiking cycle, while emphasizing that they are not done hiking and are closely monitoring inflation.
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Transcript
