The Federal Reserve (Fed) left its short-term target for policy rates unchanged at today’s meeting and announced a plan to slow the pace of Quantitative Tightening (QT) by more than market expectations.  Chairman Powell noted that the Fed still expects to reach its 2% inflation goal over time,...

The Federal Reserve (Fed) left its short-term target for policy rates unchanged at yesterday’s meeting as expected. Slower improvement in inflation data over the last several months led the Fed to reduce the number of rate cuts it expects to make in the coming months.  The Fed’s “Dot Plot” revealed a 5.1% ...

The U.S. economy added 206,000 jobs in June according to the Bureau of Labor Statistics (BLS) survey of employers.  The increase was above expectations for a gain of 190,000.  Job gains in the prior two months were revised lower by 111,000.  The economy added 177,000 on average over...