In its latest guidance released this week, the Federal Reserve is holding interest rates steady for now. The Federal Funds rate will remain unchanged at 5.25%
But the Fed did lower its rate cut forecast for 2024 to just 1. And it raised its 2025 rate cut expectations upwards from 3 to 4.
It largely did this because its outlook on inflation is notably more optimistic than in previous months.
Wall Street certainly liked what it heard, with the S&P jumping over 1% on the news and Treasury yields falling.
But does this slightly more optimistic view actually change anything?
To find out, we sat down right after Fed Chair Jerome Powell's press conference with Axel Merk to get his real-time assessment.
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