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Groundhog Day At The Fed (Again)

Last week, Federal Reserve Chair Jerome Powell announced that interest rates would be holding steady for the time being — which was exactly what the market expected.

The real came not from the message itself … but instead, from the way Powell delivered it…

Particularly when it comes to Powell’s newfound “dovish” tilt, and how that reflects a tough economic reality we’re now facing in the second half of 2025.

I’ll explain it all in today’s update.

This post appeared first on Money & Markets, LLC.