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.
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