The Fed Stalls as High Rates Cause More Pain—What Is Powell Doing?

In This Article   Key Takeaways CPI data shows inflation fell by 0.1% to 3.3% in May but the Federal Reserve kept rates unchanged. New projections suggest that a rate cut could be possible in September, but Fed Chairman Jerome Powell left no indication of any movement. The Fed’s “higher for longer” approach could, in [...]read moreThe Fed Stalls as High Rates Cause More Pain—What Is Powell Doing?