Fed Watch: Powell’s Last Stand & What Comes Next?
At the April FOMC meeting, the Fed held rates steady for a third consecutive time, but uncertainty is only building. This week on the Basis Points podcast, Kevin Flanagan explains why a data-dependent Fed and a likely shift to a Warsh-led regime could signal the easing cycle is nearing its end.
Basis point: 1/100th of 1 percent.
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The skinny
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