Fed pivot is dead. Long live the Fed pirouette


Market reaction: Traders at the New York Stock Exchange watch Powell’s news conference after the Fed interest-rate announcement. The market cheered, with the S&P 500 Index going from down as much as 0.97% to up as much as 1.77%. — AP

THE Federal Reserve (Fed) is most likely done raising interest rates this cycle.

It just wants everyone to believe otherwise.

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Fed , rates , inflation , target , range , pandemic , swaps , policymakers

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