The two-day Federal Open Market Committee (FOMC) meeting has concluded, with the Federal Reserve voting to hold interest rates steady within the 5.25% to...
within the 5.25% to 5.50% range. Joining Market Domination to dissect this decision is former President and CEO of the Federal Reserve Bank of Minneapolis Gary Stern. Stern asserts that there was no surprise in the Fed's announcement, highlighting that the outcome aligned with market expectations.
Addressing the path ahead, Stern suggests that the fight to bring inflation down to the 2% target will"take some time," though it can still be met. Stern acknowledges that the United States has"a big, complex, sophisticated economy," and although the Fed may express its desires, economic behavior may not change overnight to support it.
Giorgio Viera/AFP via GettyAfter weeks of bellyaching and carrying on about how he would “not be allowed” to take a day off from his criminal hush-money trial to attend his 18-year-old son Barron’s high school graduation, Donald Trump will, in fact, be permitted to go, Judge Juan Merchan said Tuesday. Following the first day of proceedings earlier this month, Trump lambasted Merchan, ranting, “t looks like the judge will not let me go to the graduation of my son.
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