Last week, the Federal Reserve decided to pause its rate hiking efforts to slow down inflation.
Fed Chair Jerome Powell made it clear that the central bank is not done fighting inflation yet, and that this is just a brief pause to allow the committee to observe how the rate hikes impact the economy.
From where I sit, they are slowing economic activity without pushing inflation back to the 2% level.
Here’s what that means for stocks…
This post appeared on Dynamic Wealth Report.