News about Fed

The FOMC meeting was a foregone conclusion nonevent. That is likely to be true of the next several meetings. Not changing rates partly reflects good news--the real economy is very strong and does not need cuts. And partly bad news--setbacks in progress on inflation.

“If they just don’t make further progress on inflation, it will be right at some point to say, ‘We don’t know what direction rates are going to go.’” The Fed is "still a ways from that,” said Bill English, a former senior Fed adviser www.wsj.com/economy/central-banking/fed-chair-jerome-powell-projects-optimism-but-inflation-data-are-in-the-drivers-seat-2e729027?mod=hp_lead_pos2

Takeaways from the Powell presser: -There's a high bar right now for the Fed to cut rates, but there's an even higher bar for the Fed to resume rate hikes -He's still expecting inflation to come down, in large part because of the shelter disinflation everyone has expected

Fed to Signal It Has Stomach to Keep Rates High for Longer www.wsj.com/economy/central-banking/federal-reserve-meeting-interest-rates-inflation-6dcb05e8?st=8oxltwlnea3c3ot