Wall Street Surrenders to the FED

the staff of the Ridgewood blog

Ridgewood NJ,like Sitting Bull’s surrender Wall Street has decided it will fight no more. The latest inflation data has put to rest any hopes of an imminent interest rate cut by the US Federal Reserve this month. In January, the Fed’s preferred measure of underlying inflation surged at its fastest rate in nearly a year, signaling ongoing challenges in curbing price pressures.

Despite a strong labor market, robust economic growth, and resilient consumer spending, the central bank remains cautious about loosening policy too soon, fearing a resurgence of inflationary pressures. Similar cautious approaches to rate cuts are being observed in other regions, such as Europe, where inflation eased less than expected last month.

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