Pessimism Creeps Back in Following the Fed’s “Hawkish Pause”

What is it called when the Fed pauses its rate hikes (again), projects fewer rate cuts over the next two years and its head – Jerome Powell – vows about 10,000 times to “proceed carefully” when weighing the next move? Apparently, it is a “hawkish pause,” according to some observers, who blame “higher for longer” […]
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