Lates News

Ryan Detrick, chief market strategist at Carson Group, said, "It seems that Powell's first meeting as chair did not cause much of a stir. The market acknowledges that inflation is on the rise, but on the other hand, the economy remains resilient. As widely expected, it is further confirmed that there will likely be no rate cut this year. The question now is: will there really be a rate hike or will the Fed remain patient for the rest of the year?"