The Federal Reserve decided to hold rates steady, marking the sixth meeting in a row in which it has done so. While some on Wall Street have argued that rate hikes were on the table, causing concern, Chair Jerome Powell put those worries to bed in his press conference after the decision.
JPMorgan Asset Management Chief Global Strategist Gabriela Santos joins The Morning Brief to discuss the Fed’s decision and how it will impact the industry.
Santos explains that the Fed has made a reassuring decision and should gradually move rates down: “Ultimately, I think it was a relief just to hear that hikes really aren’t on the table and they had actually been priced in before the meeting yesterday.”
#youtube #Fed #news
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