U.S. Federal Reserve Chairman Jerome Powell addresses a press conference after the release of the Fed policy decision to leave interest rates unchanged, at the Federal Reserve in Washington, U.S, September 20, 2023. REUTERS/Evelyn Hockstein - RC2IC3A5N165
Takeaways from the FOMC September meeting
The FOMC relieved the markets by cutting rates by 50 bp, the first rate cut since the pandemic. The markets were mostly content with the dovish policy decision even though they were not initially too happy with the economic outlook, as FOMC committee members project only an additional 50 bp cut this year…