Despite choosing to leave the policy rate unchanged at the last meeting, Fed Chair Powell noted that the Fed was “prepared to raise rates further if appropriate and we intend to hold policy at a restrictive level until we’re confident that inflation is moving down sustainably toward our objective.”

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Stephen Miller

Stephen Miller is GSFM’s market strategist. His expertise in international economic and policy analysis, as well as domestic and global economic and financial market developments, has resulted in him becoming a regular commentator on central banks, rates and inflation.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.