Wall Street strategists weigh the Fed's next move after it kept rates unchanged
FROM THE WIRE · FINANCE.YAHOO.COM
Wednesday's Fed decision this week to keep interest rates unchanged despite sticky inflation fueled by oil prices above $100 per barrel was a head-scratcher for more than one Wall Street strategist. "In our view, the decision was puzzling," Ed Yardeni of Yardeni Research wrote…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishSpeculation about a Fed put, i.e. central bank support for markets, matters for index direction if asset prices keep falling.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The Fed kept interest rates unchanged despite sticky inflation fueled by oil above $100 per barrel.
- 02Ed Yardeni called the decision puzzling, citing US economic growth of 3.4% annualized in the third quarter.
- 03Some observers question whether the Fed put could come into play if asset prices decline.
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