2024-03-23 01:56:00 ET
Summary
- The Fed's March policy meeting has generated very vocal reactions by commentators and market participants.
- With rates expected to stay on hold, attention focused on the new economic projections.
- The Fed’s estimate of the neutral policy rate, which inched up to 2.6%, remains well below my estimate of around 4%, but Powell at least acknowledged that rates are unlikely to move back to their post-pandemic lows.
By Sonal Desai, Ph.D., Chief Investment Officer, Franklin Templeton Fixed Income ...
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On My Mind: Fed Chair Powell - I Still Haven't Found What I'm Looking For