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The Waiting Game – Brought to You by the Federal Reserve
Consumer prices didn’t change Wednesday, and neither did Fed rates. Yes, hours after May’s US Consumer Price Index (CPI) report showed prices were unchanged from April (and slowed to 3.3% y/y from 3.4%), the Fed kept its target interest rate at 5.25%.Nonetheless, expectations took a ride: After the CPI report raised investors’ hopes of […]
