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The Fed's Predictions for Rate Hikes
The Fed did not change the Fed funds rate. The dot plots, which are the projections of the members of the FOMC to change quite a bit. My interpretation is it kind of did what he had to do in terms of, you saying we're going to pause now,. But leaving the door open, sending a signal that would, they remain ready to hike as needed perhaps to try to calm the market. So I think my assessment overall was good. Maybe I don't think he blew it in any sense in terms of the commentary, which has been the case in a couple of these meetings over the last year. They're still in a hard place though, right? Or difficult