Jerome Powell Keeps Rates Unchanged — Today’s FOMC Meeting Is About Messaging, Not Moves, for Markets Right Now

Jerome Powell, the Chairman of the Federal Reserve, has decided to maintain the current interest rates during today's Federal Open Market Committee (FOMC) meeting. This decision indicates that the focus of the meeting is predominantly on communicating strategic intentions to the markets rather than implementing any immediate changes to monetary policy. In the current economic climate, this approach is crucial for providing clarity and direction to investors and financial analysts, highlighting that the emphasis lies in managing expectations rather than making significant adjustments to interest rates at this time. source: https://blocknews.com/jerome-powell-keeps-rates-unchanged-todays-fomc-meeting-is-about-messaging-not-moves-for-markets-right-now/