GSY - The Fed's Decision: Steady Rates Today - But Lower Down The Road?
By Nick Maroutsos
Nick Maroutsos, Co-Head of Global Bonds, discusses the Federal Reserve's decision Wednesday to keep rates steady and why the central bank's next move could be a rate cut.
Wednesday the Federal Reserve (Fed) reiterated its "patient" approach toward monetary policy, announcing that it will maintain its benchmark overnight lending rate in the range of 2.25% to 2.50%. In its statement, the central bank cited inflation running below its 2.0% target in recent months, which, in our view, gives them the latitude to keep rates steady. Officials balanced this opinion with comments on