What we learned from Powell and the Federal Reserve interest rate decision ...Middle East

I might as well start with what Fedwatcher Nick Timiraos wrote:There's a high bar right now for the Fed to cut rates, but there's an even higher bar for the Fed to resume rate hikes He's still expecting inflation to come down, in large part because of the shelter disinflation everyone has expectedFor me:Powell was repeatedly baited to say something hawkish or put rate hikes on the table. He deftly avoided every question and made it clear that the two paths the Fed was contemplating were cutting or holding rates here for longer.He also pushed back against the idea that one poor jobs report would put the Fed back into action, saying it would take more than 'a couple' of ticks higher in the un

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