Miner Company
Market Brief: FOMC Recap, Nobody Knows
The FOMC held rates at 3.5%–3.75%, signaling a data-dependent, meeting-by-meeting approach amid heightened uncertainty. When the Fed's forward guidance is unclear, as Powell explicitly acknowledged by suggesting the SEP could be skipped, markets lose their primary anchor for pricing rate-sensitive assets.
The FOMC held rates at 3.5%–3.75%, signaling a data-dependent, meeting-by-meeting approach amid heightened uncertainty. When the Fed's forward guidance is unclear, as Powell explicitly acknowledged by suggesting the SEP could be skipped, markets lose their primary anchor for pricing rate-sensitive assets.