David Merrell, managing member and founder of TBH Advisors, shares his thoughts on the Fed decision with Frances Yue at MarketWatch. “My biggest takeaway was that the Fed is acknowledging tighter financial and credit conditions but they are still seeing fairly strong economic activity. So they are hopeful that it’s gonna have more effect based on where rates currently stand, and that’s why you are gonna see them pause for longer, and wait for those accumulative rate hikes to take effect,” says Merrell.
Insights / Dow records best three-day gain since April after Fed keeps interest rate steady | MarketWatch
Dow records best three-day gain since April after Fed keeps interest rate steady | MarketWatch
